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The crypto market takes a nosedive with $4 billion shaved off; BCH down 8%

As was somewhat expected within the technical analysis circles of the crypto community, the market is appearing to take a turn for the worse. Most major cryptocurrencies are down with the exception of a few such as NEO and IOTA, due to their various partnerships. Bitcoin Cash has been hit the worse, seemingly retracting its weeks of gains.

The total cryptocurrency market capitalization is down to around $164 billion from the $168 billion it was citing this morning at around 10 AM UTC, a $4 billion loss in 4 hours.