Crypto News: August 9, 2018

Join thousands of others who receive this daily analysis of crypto markets & news in their inbox every morning - sign up here. Crypto markets hit 2018’s lowest point yesterday with a total market cap of ~$230 billion. The steady decline over the last 9 months is coming off Bitcoin’s all-time high of $19,700 in December. Traditional markets rarely see ~70% price drawdowns, but this hasn’t been uncommon in the short history of cryptocurrencies.

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