“The market capitalization of cryptocurrency fell below $250 billion

– Cryptocurrency cheaper on Friday in new York after a substantial increase early in the week, reports MarketWatch. Exchange rate for bitcoin has fallen 2.4% to $6575,12.

The fall in the value of bitcoin, which accounts for over 45% of the world’s total cryptocurrency market, led to the fall of market capitalization below $250 billion. Thus, to a five-month low he was to lose a total of about $7 billion, according to data coinmarketcap.com.

Analysts Standard Bank believe the normalization of monetary policy in countries such as USA, Japan and the UK and in the Eurozone may accelerate the decline in rates of cryptocurrencies.

Alternative cryptocurrencies on Friday also cheaper, in particular, Ether lost 3.4%, Litecoin is 3.6%.

April futures contracts for bitcoin in electronic trading on CBOE fell by 3% to $6590. Similar to CME futures lost 2.7 percent, also down to $6590.

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