Price Watch: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin Continue Massive Drops

The cryptocurrency market cap is continuing to shed billions.

One week ago the market cap was $381 billion and today it sits at $308 billion, a 20% drop.

Price swings in the market continue to remain unpredictable, and most major assets remain deep in the red for the day, week and month.

Ethereum, currently ranked #2 by market cap, is down 8.4% over the past 24 hours.

Ethereum is down 8.4% over the past 24 hours.

Taylor - a smart-trading assistant that revolves around cryptocurrency - was the victim of a massive hack recently that resulted in approximately 2,578 Ether coins being stolen.

Executives are still investigating, though they are confident the hacker is the same individual behind the recent hacking of CypheriumChain, which saw over 17,000 coins ETH vanish overnight.

This sum was collected from multiple sources and placed into a single wallet, which was then transferred to an even larger source.

The global cryptocurrency market cap stands at $307.89B with a 24 hour volume of $16B. The Coinbase Index is currently sitting at 3300.16.

Bitcoin dominance is currently at 39.84%. The cryptocurrency market took a battering this week, and investors are again warned to remain cautious.