Itâs a down day for the global cryptocurrency markets, with just three of the top 100 assets by market capitalization having posted 24-hour gains, data from Coinmarketcap reveals.
At press time, the price of bitcoin, the marketâs largest asset, was trading below $14,000 according to the CoinDesk Bitcoin Price Index (BPI), up slightly from a daily low of $12,504. Notably, this figure was more than 30 percent below an all-time high of near $20,000 reached on Sunday.
But whereas earlier this week bitcoinâs decline coincided with an increase in the total value of the market as a whole, the value of all cryptocurrencies saw a reversal on Thursday, dropping roughly 25 percent from a high above $650 billion to a low of $480 billion today.
All told, only a few assets seem safe from what appears to be an exodus from the cryptocurrency markets, with Rippleâs XRP, and relatively little-known ICO tokens for GameCredits and Electroneum, posting 24-hour gains.
Rippleâs XRP cryptocurrency, which powers the companyâs open-source XRP Ledger, hit an all-time high above $1.30 yesterday, a figure that was up nearly 400 percent from its value at the beginning of the month, when it traded at just $0.25.
Thatâs not to say there arenât inter-day gains to be had in the market.
CoinDesk data from Fridayâs morning trading session (6:00 to 12:00 UTC) indicates that cryptocurrencies NXT and Bitcoin Dark both posted gains above 15 percent within the six-hour period, though they were the only assets to gain more than 2 percent.
Still, big losses were observed during the stretch as well, with Rippleâs XRP down more than 12 percent for the window, and cryptocurrenices monacoin, TRON and RaiBlocks posting losses in excess of 15 percent.
Disclosure:Â CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
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