BTC prices fell to their lowest level in one month after a brutal sell-off rattled cryptocurrency investors across the entire market. The price of Bitcoin continued to slump after the conclusion of the Consensus 2018 conference – the fourth annual blockchain technology summit. Over the last week, the broader cryptocurrency index has shed $45 billion.
Here is a recap of the top five cryptocurrencies by market cap as of 9:00 a.m. EDT.
|Cryptocurrency||Price||Market Cap||Change (24h)|
|Bitcoin Cash (BCH)||$1,149.83||$890,257,000||-10.33%|
Now here's a closer look at today's Money Morning cryptocurrency insight, as well as the most important cryptocurrency updates you need to know…
Money Morning Crypto Insight of the Day
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.