Crypto prices have collapsed on Tuesday.
On the Bitfinex, bitcoin slumped to some $6,131 in the second half of the day, staying close to a multi-month bottom. Ethereum on this platform lost more than 20% falling to $263.81 affected by the reports that ICO participants are shedding assets to offset losses.
As for other main coins, Ripple changed hands at $0.26192 and Litecoin – $53.430.
In late July, cryptos soared getting support from the reports that US Securities and Exchange Commission may approve bitcoin-ETF. However, they reversed just after the authority postponed the determination until September.
The market capitalization dropped by almost $24 billion d-o-d, to some $193 billion ($217 billion yesterday).
In addition, it should be mentioned that the developer of e-payment processing systems – Square – launched bitcoin trading for clients in all states of the country.
For reference, the license for bitcoin trading in New York was granted in June. Initially, the company provided sell/buy services only in some states, while now users can make transactions everywhere in the country and use Square's Visa card.