Monitored by CoinNess App, as of 03:20 (UTC), the market value of Bitcoin is about $99.2 billion, which is the first time to drop below $100 billion since October 2017. The total market value of the cryptocurrencies decreased by $15 billion within 24 hours.
Does anyone know why?
Yes thats true, I read the story on CNBC news just this morning and rushed to check the market cap on coinmarketcap and it was down to $97 billion. Entire market capitalization dropped by $15 billion over 24hrs. They said the downturn has to do with Bitcoin Cash. People are selling off.