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Unfortunately for traders the crypto market has continued its decline and there is yet another sea of red across the market this morning. This has led the value of the entire crypto market to fall to US$282.2 billion according to Coin Market Cap.

This means it has lost a further 4.5% of its value over the last 24 hours. Also read: Cryptocurrency plummets after market selloff: here’s what happened” data-reactid=”13″>Also read: Cryptocurrency plummets after market selloff: here’s what happened Here is the state of play on Wednesday morning: The Bitcoin (BTC) price has fallen 3.3% since this time yesterday to US$6,573.14 per coin, reducing the world’s largest cryptocurrency’s market capitalisation to US$112.3 billion. This latest decline means that Bitcoin is trading at the lowest level since February.

But with a lack of support propping up the cryptocurrency, some are tipping it to fall below US$6,000 later this week. Also read: Meet the 32-year old who’s made biillions from Crypto” data-reactid=”16″>Also read: Meet the 32-year old who’s made biillions from Crypto The Ethereum (ETH) price has dropped 5.5% over the last 24 hours to US$493.41.

This leaves Ethereum with a reduced market capitalisation of just under US$49.4 billion. Concerns over hacks and price manipulation continue to weigh on Ethereum and the rest of the market. Read more from au.finance.yahoo.com…

thumbnail courtesy of yahoo.com