The crypto market has been taking quite a beating these past 36 hours. Bitcoin (available on Coinbase) (BTC) is currently trading around the $6,000 mark and currently holds 54% of the total market dominance. Many of the aLTCoins are suffering, especially Ethereum (available on Coinbase) (ETH). We’ll also take a closer look at Tron (available on Binance) (TRX) and IOTA (MIOTA), two other aLTCoins on the market that are currently suffering big.

Ethereum (available on Coinbase) (ETH) News

Yesterday, the second largest cryptocurrency by market cap fell to its year-low of under $300. According to CoinMarketCap, ETH is trading at $261.46 a coin, down -15.01% in 24 hours.

The last time Ethereum (available on Coinbase) traded at these levels was back in November of 2017. It remains unknown if investor confidence has fallen with Ethereum (available on Coinbase) specifically or if it’s just an overall crypto sell-off.

Ethereum (available on Coinbase) developers are frantically trying to come up with a solution to solve Ethereum (available on Coinbase)’s scalability issue, and presently, there are many options on the table.

Tron (available on Binance) (TRX) News

Despite having its mainnet launched and running smoothly, Tron (available on Binance) has fallen to the 12th largest cryptocurrency by its market cap just behind IOTA. This week, Tron (available on Binance) has been passed by Monero (XMR) as well as IOTA.

There hasn’t been a specific instance that has caused TRX to drop, as its mainnet has been running fairly steady.

At press time, TRX is trading at $0.0175 a coin, down -19.55% in 24 hours. For the week, TRX is down -41.07%, and for the month, the coin is down -47.60%.