Cryptocurrencies are now worth less than $186 billion, the lowest level this year

The collective market cap of all cryptocurrencies has plunged to $186 billion on Wednesday — its lowest level this year, and the lowest it’s been since Novermber 2017. 

It’s a long, painful drop for the crypto market from its January peak of $831 billion, and while everything’s possible in crypto, currently there’s no end in sight. 

Bitcoin, the largest cryptocurrency by market cap, is actually holding up well, with a price of $6,281 at writing time, representing a 1.91% loss in the last 24 hours according to CoinMarketCap. This is also a long way from its January peak of over $19,800, but Bitcoin has stubbornly refused to go below $6,000 this year, bouncing back up from that level on several occasions.  Read more…

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