{"id":283,"date":"2018-01-18T21:42:17","date_gmt":"2018-01-18T21:42:17","guid":{"rendered":"https:\/\/skyeconomynews.com\/?p=283"},"modified":"2018-01-20T09:49:18","modified_gmt":"2018-01-20T09:49:18","slug":"digital-currency-markets-lose-384-billion-10-days","status":"publish","type":"post","link":"https:\/\/skyeconomynews.com\/digital-currency-markets-lose-384-billion-10-days\/","title":{"rendered":"Digital currency markets lose $384 billion in 10 days"},"content":{"rendered":"<p class=\"Body\"><span style=\"font-family: 'Calibri','sans-serif';\">The market value of cryptocurrencies has badly fallen in the last 10 days, with warnings of warnings of restrictions and bans from many countries, led by China and South Korea. According to economic analysis, virtual currencies lost 47% of their current market value, equivalent to about $384 billion.<\/span><\/p>\n<p class=\"Body\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><span style=\"font-family: 'Calibri','sans-serif';\">The market value of digital currencies yesterday was about 438.6 billion dollars a day, compared to $822.5 billion on Jan. 7. The huge market value losses came mainly from Bitcoin and Ripple. Of all cryptocurrencies, Bitcoin lost the most in 10 days &#8211; $102.7 billion, more exactly. On Jan 7, its market value was of $278.6 bn, and on the 17th of the same month it fell to $175.9 bn. <\/span><\/p>\n<p class=\"Body\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><span style=\"font-family: 'Calibri','sans-serif';\">This drop comes after Bitcoin\u2019s price fell by 37%, reaching $10.466, rapidly dropping from $17.131. Ethereum, the second-largest cryptocurrency by market value, lost $16.2 billion, dropping from $106.3 billion to $90.1 billion. Its price per unit dropped by 15%, reaching $928 after previously staying at $1098.<\/span><\/p>\n<p class=\"Body\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><span style=\"font-family: 'Calibri','sans-serif';\">Ripple, the third largest market by market value, lost $82.3 billion, dropping to $41.3 billion from $123.6 billion previously, with its value going down by 67%, to $1.1, shortly after hitting $3.2. <\/span><\/p>\n<p class=\"Body\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><span style=\"font-family: 'Calibri','sans-serif';\">Bitcoin-Cash, the fourth-largest digital currency by market value, lost about $ 20.3 billion, with its market value falling from $48.7 billion to $28.4 billion. Its price fell by 42%, to $1.7 after reaching $2.9.<\/span><\/p>\n<p class=\"Body\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><span style=\"font-family: 'Calibri','sans-serif';\">Cryptocurrencies do not have serial numbers and are not regulated by any governments or central banks, such as the conventional currencies. Instead, they exist only through the Internet, without any kind of physical form. The head of the European Securities and Exchange Commission, Steven Major, warned that investing in electronic currencies could result in the total loss of the investment value. The deputy governor of the People&#8217;s Bank of China said that the authorities should prohibit cryptocurrencies trading and companies providing services related to this activity. Last week, the Korean Justice Ministry also passed a bill banning all currency trading in South Korea.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>The market value of cryptocurrencies has badly fallen in the last 10 days, with warnings of warnings of restrictions and bans from many countries, led by China and South Korea. According to economic analysis, virtual <a class=\"mh-excerpt-more\" href=\"https:\/\/skyeconomynews.com\/digital-currency-markets-lose-384-billion-10-days\/\" title=\"Digital currency markets lose $384 billion in 10 days\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,4],"tags":[16,60,17],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/283"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=283"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/283\/revisions"}],"predecessor-version":[{"id":286,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/283\/revisions\/286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/285"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}