Crypto Markets Slump Following SEC Bitcoin ETF Delay

At press time, all of the top ten cryptocurrencies other than Tether are in the red, according to Coin360.

BTC is trading around $6,598 at press time, dropping 5.29 percent over the last day and bringing a new weekly low.

Ethereum is suffering a slump, having lost around 6.64 percent in the last 24 hours.

The second largest cryptocurrency is trading at $377 at press time, also hitting a new weekly low.

Over the month, the ETH price has dropped 23 percent.

The top ten altcoins are firmly in the red, moving downward from 4 to almost 12 percent.

At press time, IOTA, and Ripple show the most significant losses, dropping 8.52 and 11.46 percent respectively, followed by Litecoin with a loss of 8.5 percent on the day.

Among the top twenty coins by market capitalization, Ethereum Classic has been hit the hardest, losing over 13 percent in the last 24 hours, and trading at $17.02 at press time.

Yesterday, commission-free crypto trading platform Robinhood listed ETC as well.

Total market capitalization of all cryptocurrencies is at $236.7 billion at press time, down almost $15 billion over the 24 hour period.