#BinanceEarnYieldArena Over the weekend, bitcoin shed 15% of its overall value. Since the start of this year, the same metric is equal to an approximate decline of 42%. Bitcoin’s valuation is responsible for approximately one-third of the overall market for cryptocurrencies. 

Other coins, which picked up the slack from bitcoin earlier to boost valuations, are also in a swoon. Among the top 10 most-traded digital currencies, most have witnessed double-digit declines with Ripple, which is down by 66.37% as of this writing, leading the way. 

The market capitalization for cryptocurrencies was $364.7 billion as of this writing. It had crashed to $348 billion on Friday morning, a level it previously touched during the first week of December 2017.