The recovery was short-lived. Top cryptocurrency crashing again

The recovery was short-lived. Top cryptocurrency crashing again

After a volatile beginning of the year, the cryptocurrency market falls again. Almost all of the top 20 altcoins on CoinMarketCap show a negative trend.

Bitcoin (BTC) is once again approaching US $ 10,000, a threshold that he has already overcome 17 Jan. At the time of this writing BTC is trading at a price 10.709 $ drop made up 8.95% over the last 24 hours.

Ethereum (ETH) also fell below US $ 1000, trading at 981 U.S. dollar, while the fall in recent days amounted to 8.47 percent.

The drop in prices of cryptocurrencies in the beginning of the year, similar to the dynamics of January last year. And in 2017, has already been observed three big fall at 38, 40 and 29 percent. A drop of more than 30% BTC and ETH was registered on 17 January, in General, corresponds to the historical pattern.

The only two cryptocurrencies that are showing positive dynamics today is EOS, which is trading at $ 13.29, the US, the growth of which amounted to 2.10% in the last 24 hours; and VeChain, which traded at $ 8.29, and the growth which for the last day amounted to 6.57%.

Total market capitalization has dropped to approximately 514 billion dollars, 100 billion less than at the beginning of the year.

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