The symbols of Bitcoin and Ethereum cryptocurrencies sit displayed on a screen during the Crypto Investor Show in London, U.K. (Photographer: Mary Turner/Bloomberg)

Crypto Collapse Spreads with Hundreds of Coins Plunging in Value

(Bloomberg) -- The meltdown in Bitcoin is weighing on more than the biggest cryptocurrency.

Over 80 percent of 1,586 digital coins tracks in a weekly survey decreased in price in the past seven days. The tokens fell 19 percent on average, found in the week ended June 25.

Trading volume dropped as well, declining by 6 percent from the previous week, said. Bitcoin, Tether, Ether, EOS and Bitcoin Cash were the top five traded cryptocurrencies. Volume was half of what it was at the end of April, when first started releasing its Weekly Coin Analysis.

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