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The cryptocurrency market is facing an intense sell-off as investors are confounded by heightened talk of regulatory scrutiny and infighting over a schism in bitcoin's most notable spin-off, bitcoin money.

At around 1:50 p.m. London time (8:50 a.m. ET), the total market capitalization of cryptocurrencies which is worked out by multiplying costs by the number of tokens in circulation had fallen to around $138.6 billion, according to CoinMarketCap data.

That marks cryptocurrencies' lowest level since September 2017, and also a more than 80 percent decline which translates to almost $700 billion since the peak of over $830 billion their market value attained at the start of the year.

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Prices were struck with an initial downturn last week, ending months of relatively stable trading for the world's largest and best-known digital asset, bitcoin an unusual phenomenon for an asset known for its wild volatility.

That move came on the back of news which bitcoin cash's blockchain essentially an electronic ledger with no central authority overseeing it was put to be split into two, an event known as a"hard disk "

Forks, which are essentially software updates, usually occur when there's a disagreement about how to scale a cryptocurrency to cope with a greater volume of trading, like the August 2017 branch that led to the creation of bitcoin cash.

Last week's branch saw bitcoin money cloven into two new, separate virtual currencies,"Bitcoin ABC" and"Bitcoin SV" short for"Satoshi's Vision" the latter being the brainchild of controversial entrepreneur Craig Wright, who claims to be bitcoin inventor Satoshi Nakamoto.

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Because of this, various cryptocurrencies fell, together with bitcoin dropping below $6,000 and multiple other electronic assets following suit.

Fast-track to Friday, and also the world's largest virtual coin is currently trading at a price of $4,300, down more than 4 percent in the previous 24 hours, according to CoinMarketCap. Meantime, XRP, a digital token linked to blockchain company Ripple, climbed 6.7 percent to under 41 cents, whilst ether, the digital token of their Ethereum blockchain, fell more than 7 percent to just under $122. .

The Cryptocurrency Market Capitalizations page shows the current market cap rankings for major cryptocurrencies predicated on a currency you pick on top of the page. The page initially basics displays using"USD" as the crossrate to calculate against. The try this website listing of cryptocurrencies, along with data for the page, is updated and ranked every 15 minutes.

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