Daily Berminal Brief (9/12/18): Litecoin Dips Below $50, Bitcoin’s Dominance Rate Approaches 60%…

Too Long; Didn't Read

The State of the Market: Today the total cryptocurrency market capitalization fell to a new 2018 low of $188.6 billion. This means that $642 billion has left the market since the cryptocurrency market hit an all-time-high of $830 billion in December 2017. Earlier this week Ethereum dropped to its lowest price in a year, and today Litecoin dipped below $50 for the first time in 2018. Fortunately, there is a bit of positive news. Canada’s Ontario Securities Commission (OSC) will allow First Block Capital Inc. to provide the first regulated Bitcoin Trust in the country. The fund permits investors to invest in Bitcoin through their retirement savings plan and tax-free savings accounts. Currently the cryptocurrency market capitalization stands at $188.6 billion.