Many altcoins are as low this month as they have been in months. Among the top 10 cryptocurrencies, XRP, Litecoin, and Cardano have fallen to the lowest point in one year, followed by Ethereum and Bitcoin Cash which are very close to it. While we cannot see a winner what it seems to be a bear market, Bitcoin stands in the daily comparison as the smallest loser.
For the moment the prices of some coins from the top 10 and beyond plunged to the lowest points in several months, in some cases even in the entire year. The look of the 24-hour charts currently ranges from -7.7 percent (Bitcoin) to -15.2 percent (XRP).
If we look at the development of the entire week, the price movements look even more dramatic. There Ethereum reached a -12 percent while, XRP, Bitcoin Cash and Stellar move around the -20 percent mark. IOTA fell by a huge 27 percent in the past seven days.
While the IOTA price already reached its low for the year on August 7, a few of the other top 10 coins have followed its example. XRP price fell to $ 0.35, thus clearly undercutting the previous low in 2018. Even worse is Litecoin, whose course has been going down steadily for months. A $66 Litecoin rate falls short of anything this year and throws the coin back to November levels.
The Ethereum price fell to $370. Going towards the lowest point of the year which was reached on April 1 ($363). Also, Bitcoin Cash has broken the yearly low and fell below $600. Cardano is bleeding at the previous low of 26 June (0.115 US dollars) and comes to 0.117 US dollars.
The total market capitalization of all cryptocurrencies dropped below $ 230 billion – also an absolute low for the year 2018.