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Daily Cryptocurrency Tracker 28.1.19: Cryptocurrencies tumble

After showing a sight uptick to start the weekend on Saturday, cryptocurrencies remained relatively stable, but then took a turn for the worse. Over the past 24 hours, all top 10 cryptos registered losses, including two that fell more than 9%. At the time of writing, Bitcoin was down nearly 3%, slipping below the $3,500 mark.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Bitcoin Cash falls nearly 10%

Of the top 10 cryptos, it was Bitcoin Cash that registered the largest losses. At the time of writing, BCH was down almost 9%, reaching a low not seen in more than a month. Currently ranked 6th by market cap, Bitcoin Cash is also down from a weekly perspective, falling more than 8% over the past 7 days.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Zcash launched on eToro

The most recent addition to eToro’s ever-growing selection of cryptoassets is Zcash. Currently ranked 21st by market cap, Zcash was designed to offer enhanced privacy compared to other blockchains. Like Bitcoin, Zcash has a hard-capped total supply of 21 million tokens, gradually being released into circulation. It was launched in 2016 and reached an all-time high in January of last year, at the peak of the great crypto bull run.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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