Cryptocurrency market overview: Xi’s statement pushing reds

Bitcoin price trends may be leading the market, but the matter of fact cannot be ignored that the cryptocurrency sphere is hit by Chinese President Xi Jinping’s decision to keep cryptocurrencies under a leash. In less than 24-hours following the statement, the overall market capital pulled out of the market sums to about $10 billion, while a general decrease of up to 5 percent is also observed across the market. Cryptocurrency market overview The king of cryptocurrency Bitcoin, although recovering by now, is still down by a good margin. A similar situation was observed for Litecoin and EOS while Bitcoin