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The cryptocurrency marketplace 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 cash.

At around 1:50 p.m. London time (8:50 a.m. ET), the entire market capitalization of cryptocurrencies that's worked out by multiplying costs from 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 a more than 80 percent decline which translates to almost $700 billion since the peak of over $830 billion their market value reached at the onset of the year.

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Prices were struck by an initial downturn last week, ending months of relatively steady trading to the world's biggest and best-known digital advantage, bitcoin an unusual phenomenon for an asset known for its rampant volatility.

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

Forks, that are essentially software updates, usually happen when there's a disagreement about how to scale a cryptocurrency to cope with a higher volume of trading, such as the August 2017 fork that caused the creation of bitcoin money.

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

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As a result, various cryptocurrencies dropped, with bitcoin dropping below $6,000 and multiple other electronic assets following suit.

Fast-track into Friday, and the world's biggest virtual coin is currently trading at a price of $4,300down more than 4 percent in the last 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, dropped more than 7 percent to just under $122. .

The Cryptocurrency Market Capitalizations page shows the current market cap rankings for important cryptocurrencies predicated on a currency that you pick on peak of the page. The page initially shows using"USD" as the crossrate to compute against. The listing of cryptocurrencies, along with data for the page, is updated and ranked every 15 minutes.

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