Wednesday, February 2019
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Ethereum, Ripple, EOS, and Litecoin hit on hacking news
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Ethereum, Ripple, EOS, and Litecoin hit on hacking news

It has been a reasonably disappointing 24 hours of trade for the cryptocurrency market.

With declines being seen across the board, the entire value of the market has slipped 0.5% to US$289 billion according to Coin Market Cap. Things were much worse earlier on, though, so this is actually a bit of a positive outcome. News that the world’s sixth-largest crypto exchange was hacked appears to be behind the declines. According to CNBC, South Korea’s Bithumb exchange was compromised and hackers stole around US$30 million.

Here is the state of play on Thursday morning:

  • The Bitcoin (BTC) price is one of only two coins within the top ten posting a gain over the last 24 hours. It has risen 0.2% during this time to US$6,764.98 per coin, lifting its market capitalisation slightly to US$115.7 billion.
  • The Ethereum (ETH) price has fallen 0.2% since this time yesterday to US$534.14, reducing its market capitalisation to US$53.5 billion.
  • Also read: Aussie share market rises to a 10-year high
  • The Ripple (XRP) price is down 1.2% during the period to 53.9 U.S. cents. This leaves the altcoin with a market capitalisation of just under US$21.2 billion.
  • The BitcoinCash (BCH) price is off 1.2% over the last 24 hours to US$885.87 per token. The Bitcoin spin off’s latest decline means its market capitalisation has fallen to US$15.2 billion.
  • The EOS (EOS) price has been the worst performer amongst the major coins since this time yesterday with a 1.5% decline to US$10.47. This decline reduces the EOS market capitalisation to just under US$9.4 billion.

It was a similar story outside the top five with only TRON (TRX) posting a gain. It was up a further 1.6% over the period to 49.36 U.S. cents. Traders have continued to fight to get hold of the cryptocurrency after its founder purchased BitTorrent for US$140 million. BitTorrent is the company behind the popular file-sharing client uTorrent.

Elsewhere, Litecoin (LTC) is down 1.2%, Stellar (XLM) has dropped 1.1%, Cardano (ADA) is down 1.6%, and IOTA (MIOTA) is lower by over 1.3%.

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