The bitcoin sell-off is back, hitting all major coins including ethereum, litecoin, Ripple's XRP, bitcoin cash, and EOS, as $6 billion in value is wiped from the global cryptocurrency market capitalization over the weekend, according to trading data site CoinMarketCap. Ethereum, which was expected to undergo a hotly-anticipated upgrade last week before it was delayed, dropped by some 6% as investors processed the decision to postpone the so-called hard fork until February 27. Ethereum is down by a staggering 80% since its all-time highs as a so-called crypto winter, which gripped the sector last year wiped some $700 billion from the cryptocurrency market. Many bitcoin and cryptocurrency enthusiasts remain hopeful that the bitcoin price, along with the price of other major digital tokens, will recover eventually. Marcus Hughes, U.K. lead counsel for San Francisco-based crypto exchange and wallet provider Coinbase, has said expects this year to mean big changes for bitcoin and cryptocurrency regulation around the world.

Source: Forbes January 21, 2019 09:47 UTC