After an unstable beginning of the new year, the crypto markets are again falling like a ton of bricks. Almost all of the top 20 coins on CoinMarketCap are in the red on Monday, Jan. 22, with the biggest loss around 13% over a 24 hour period.
Bitcoin is coming close to $10,000 again, a threshold that it had briefly dipped below on Jan. 17. BTC is trading for around $10,709 press time, with a 8.95% drop over a 24 hour period.
Ethereum is also below $1000, trading at around $981 at press time, with a 8.47% drop over a 24 hour period.
This current dip could be related to a Wall Street CIO predicting a 70 to 90% price drop for Bitcoin on CNBC.
The only two coins up are EOS, trading at around $13.29 by press time and up 2.10% over 24 hours, and VeChain, trading at about $8.29 and up 6.57% over 24 hours by press time.
Total market cap is down to around $514 bln by press time, about $100 bln less than when the year began.
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