As the broader cryptocurrency markets have been cratering, Bitcoin has managed to retain much of its value.
These widespread declines have taken place after it was reported that South Korean authorities raided UPbit, the nation's largest digital currency exchange.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Widespread Losses
Every one of the top 25 digital currencies (ranked by total market value) was in the red at the time of this writing, according to CoinMarketCap data.
While Bitcoin had fallen 8.2% over the last 24 hours, several major cryptocurrencies had suffered losses close to twice that high.
Stellar, Cardano and EOS, for example, were all down at least 16%, additional CoinMarketCap figures show.
Ripple's XRP token and Bitcoin Cash, while not as far in the red, had dropped 12.8% and 13.8%, respectively.
Congratulations @mercyvictor! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations! This post has been upvoted from the communal account, @minnowsupport, by mercyvictor from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.