It’s another day in the red for the cryptocurrency markets, as 97 of the top 100 cryptocurrencies have posted 24-hour declines against the US dollar. The Bitcoin price headlined the retreat by declining to an 80-day low, and other top coins fared equally as poorly. Altogether, the cryptocurrency market cap declined by $52 billion to $363 billion, representing a single-day pullback of nearly 13 percent. Bitcoin Price Falls to 80-Day Low The downturn reduced the Bitcoin price by another 12 percent, bringing the most prominent cryptocurrency to an 80-day low. At present, the Bitcoin price is valued at just $7,660, which translates into a $130 billion market cap. Nevertheless, as CCN reported this morning , the impending launch of stock brokerage app Robinhood’s cryptocurrency trading platform could breathe new life into the markets, or — at the very least — speed its recovery. Fintech platforms such as Robinhood Crypto and Square’s Cash App will likely prove crucial
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