top of page

What’s Causing The Crypto Market Worldwide To Plummet?

bitcoin, CIO, Crash,

The cryptocurrencies market has so far had a rocky start to the new year with prices of the top coins plummeting alarmingly. On January 16, 2018, as of this writing, only one out of the top 100 coins is in the green on CoinMarketCap.

Market Topple For All Coins

The total market still stands at $580 billion, but it is still trying to recover from the earlier drop to roughly $543 billion.

In fact, January 16, 2018, has been a particularly sad day in the recent history of all cryptocurrencies. Bitcoin, ethereum, Ripple, and pretty much any other popular coin you could think of are falling today after uncertainty over the crypto market in South Korea and China fueled a panic-driven sell-off of virtual currencies.

Bitcoin prices plunged over $3,000 between on the morning of January 16, 2018, hitting the lowest-ever for the month at $10,500... read more

bottom of page