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The cryptocurrency marketplace is facing an intense sell-off as investors are rattled by heightened talk of regulatory scrutiny and infighting over a schism in bitcoin's most notable spin-off, bitcoin money.

At around 1:50 p.m. London time (8:50 a.m. ET), the total market capitalization of all cryptocurrencies that's worked out by multiplying costs from the number of tokens in circulation had fallen to around $138.6 billion, according to CoinMarketCap data.

That marks cryptocurrencies' lowest level since September 2017, and a more than 80 percent decline that translates to almost $700 billion since the peak of over $830 billion their market value attained at the start of the year.

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Prices were hit by an initial downturn a week, ending months of comparatively steady trading to the world's biggest and best-known digital asset, bitcoin an unusual phenomenon for an asset known for its rampant volatility.

That move came on the back of news which bitcoin money's blockchain essentially an electronic ledger with no central power overseeing it had been set to be split into two, an event known as a"hard disk "

Forks, that are essentially software updates, usually happen when there is a disagreement about how to scale a cryptocurrency to cope with a greater volume of trading, like the August 2017 fork that led to the creation of bitcoin cash.

Last week's branch saw bitcoin money cloven into two new, different virtual currencies,"Bitcoin ABC" and"Bitcoin SV" short for"Satoshi's Vision" the latter being the brainchild of controversial entrepreneur Craig Wright, who claims to be bitcoin inventor Satoshi Nakamoto.

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As a result, various cryptocurrencies fell, with bitcoin dropping below $6,000 and several other electronic assets following lawsuit.

Fast-track to Friday, and the world's biggest virtual coin is look at more info trading at a cost of $4,300, down more than 4 percent in the last 24 hours, according to CoinMarketCap. Meantime, XRP, a digital token linked to blockchain firm Ripple, dipped 6.7 percent to below 41 cents, while ether, the electronic token of the Ethereum blockchain, fell more than 7 percent to just under $122. .

The Cryptocurrency Market Capitalizations page displays the current market cap rankings for important cryptocurrencies based on a currency that you pick on top of the page. The page initially displays using"USD" as the crossrate to calculate against. The list of cryptocurrencies, along with information for the webpage, is updated and ranked every 15 minutes.

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