The cryptocurrencies that suffered massive losses over the last 24 hours

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The cryptocurrency market plummeted yesterday following news that the People’s Bank of China had imposed a ban on all initial coin offerings (ICOs).

While major coins like Bitcoin and Ethereum saw a big drop, many smaller coins were heavily affected – especially ones with close ties to China.

Bitcoin was approaching the $5,000 mark over the weekend, but fell sharply after the announcement, while the price of Ethereum also took a hit.

The market has since started to stabilise, but many coins have lost millions of dollars in market capitalisation – with their prices still low compared to earlier in the week.

We used data from CoinMarketCap to detail the worst-affected cryptocurrencies, based on price and market capitalisation values from 4 to 5 September 2017.

The cryptocurrencies heavily affected by the ICO ban are detailed below.


NEO (NEO)

  • 4 September 2017: $30.05
  • 5 September 2017: $20.58
  • Market Cap change: -$486,945,001

NEOUSD


HShare (HSR)

  • 4 September 2017: $20.85
  • 5 September 2017: $6.54
  • Market Cap change: -$483,753,504

HSRUSD


IOTA (MIOTA)

  • 4 September 2017: $0.7440
  • 5 September 2017: $0.5056
  • Market Cap change: -$662,603,885

MIOTAUSD


Gas (GAS)

  • 4 September 2017: $13.82
  • 5 September 2017: $8.33
  • Market Cap change: -$45,381,435

GASUSD


DECENT (DCT)

  • 4 September 2017: $1.12
  • 5 September 2017: $0.705
  • Market Cap change: -$21,207,372

DCTUSD


EOS (EOS)

  • 4 September 2017: $1.24
  • 5 September 2017: $0.80
  • Market Cap change:  -$142,274,312

EOSUSD


Qtum (QTUM)

  • 4 September 2017: $15.29
  • 5 September 2017: $9.71
  • Market Cap change: -$329,623,560

QTUMUSD


Binance Coin (BNB)

  • 4 September 2017: $1.58
  • 5 September 2017: $0.827
  • Market Cap change: -$74,830,900

BNBUSD


Golem (GNT)

  • 4 September 2017: $0.361
  • 5 September 2017: $0.273
  • Market Cap change: -$73,345,136

GNTUSD


Gnosis (GNO)

  • 4 September 2017: $171.67
  • 5 September 2017: $128.07
  • Market Cap change: -$48,153,496

GNOUSD


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