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The cryptocurrency market 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 entire market capitalization of cryptocurrencies that's exercised by multiplying costs by 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 greater than 80 percent decline that translates to almost $700 billion since the summit of over $830 billion their market value attained at the onset of the year.

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Prices were hit by an initial downturn a week, ending months of relatively stable trading to the planet's largest and best-known digital asset, bitcoin an unusual phenomenon for an advantage 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 was put to be split into 2, an event known as a"hard fork."

Forks, that are essentially software upgrades, usually occur when there's a disagreement about how to scale a cryptocurrency to cope with a higher volume of trading, such as the August 2017 fork that caused the creation of click reference bitcoin money.

Last week's branch saw bitcoin cash 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 promises to be bitcoin inventor Satoshi Nakamoto.

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

Fast-track into Friday, and the world's biggest virtual coin is trading at a price 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, climbed 6.7 percent to below 41 cents, while ether, the digital token of their Ethereum blockchain, dropped more than 7 percent to just under $122. .

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

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