Cryptocurrencies are fumbling at a robust pace since the start of this month; the majority of digital currencies are trading at the lowest level in 2018. The total crypto market capitalization fell to $250 billion on Friday before paring losses later in the day, down from the previous low of $280 billion early in February.

The sharper selloff in aLTCoins over the last month helped total market cap to dip below 2018 lows. Ripple (available on Binance) (XRP) and Ethereum (available on Coinbase) (ETH) plunged at a double-digit rate on Thursday and extended the selloff in Friday trading.

ETH price fell 29% in the last seven days, while XRP coin dipped 23% last week. Both coins are trading at the lowest levels since early December.

Source Image: coinmarketcap.com

Litecoin (available on Coinbase) (LTC) is among the prominent losers in the top ten crypto coins. LTC price trades around $111 at present, down 30% in the last week. The crackdown from regulators significantly impacted Litecoin (available on Coinbase) price considering its usage in the Dark Web (the network of websites accessible only by special software). The broader downtrend in crypto markets added to Litecoin (available on Coinbase) retreat.

Cardano, Stellar and NEO are at Four-Month lows

Excluding Tron (available on Binance) (Tron (available on Binance)), the majority of aLTCoins lost significant value in the last month. Tron (available on Binance) price trades around $0.041 today, up 14% in the previous seven days despite the massive decline in its counterparts. Tron (available on Binance) gets support from the potential launch of Test Net.

Cardano (ADA) coin fumbled 28% in the last seven days to $0.14, while Stellar (XLM) and NEO (NEO) are down 25% in the last week to the lowest level since early December.

Regulators all around the globe are taking steps to avoid the illegal movement of money using digital cryptocurrency – which is sharply declining total trading volume. Previously, researched reports had predicted that criminal activities account for almost half of the total trading volume. Therefore, steps like registering crypto exchanges and higher regulatory restrictions on ICO slashes total trading volume.

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