Crypto Markets Continue to Decline, Tokens Especially Affected by Bear Market

This aggregated story was originally published on this site. Follow the link in the word Story at left to read the full article.

The cryptocurrency markets continue to fall despite strong fundamentals, and the market decline has been largely led by tokens.  The continued decline precedes a short lived, yet promising, rally when Bitcoin rose to approximately $8,400 on July 24th before gradually falling to lows of $6,100 on August 10th.Major Tokens Setting New Yearly LowsAlthough Bitcoin has fallen nearly 30% from its monthly highs, altcoins have been especially affected by the market decline. Currencies like EOS and Ethereum have been pushed to yearly lows and haven’t seen the same upside as Bitcoin during short-term rallies.While Bitcoin’s market cap has decreased from monthly highs of $145 billion on July 24th to its current market cap of $108 billion at the time of writing, Ethereum’s market cap has nearly halved from its monthly highs of nearly $52 billion on July 17th to its current levels of just over $28 billion.  EOS has followed Ethereum’s