Daily Berminal Brief (8/08/18): Crypto Market Hits 2018 Low

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The State of the Market: It’s been a harrowing week for cryptocurrency investors, with the overall crypto market capitalization losing just over $50 billion over the last 7 days. The last 24 hours haven’t been much different — with Bitcoin (BTC) falling over 7% down to $6,300 and Ethereum (ETH) hovering at the $360 price level after a similar loss of 7% on the day. Virtually no coins were spared today’s market onslaught with all top ten cryptos solidly in the red.