Market Summary for 5 September 2017

  • There was a huge market selloff, causing (-5.9%) and CM10 (-7.7%) to fall significantly
  • NEO/USD suffered the most (-24.2%). XMR/USD (-11.5%), ETH/USD (-10.3%) and LTC/USD (-10.3%) were falling hard. Other coins also dropped from 3% to 9%.
  • China banned all ICOs and criticized them for “disrupting” the country’s financial order. NEO, the Chinese Ethereum, suffered immediately as a lot of fears were triggered.

There was a huge market selloff, causing CM3 and CM10 to fall significantly by 5.9% and 7.7%

NEO/USD suffered the most by drifting down 24.2%. XMR/USD was falling by 11.5%. Both ETH/USD and LTC/USD dropped 10.3%. Other coins also dropped from 3% to 9%.

Today’s breaking news was China banning all ICOs and criticizing them for “disrupting” the country’s financial order. NEO, the Chinese Ethereum, suffered immediately as a lot of fears were triggered.

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