Nano Goes Giga in Down Week for Crypto Prices

Having struggled to find acceptance above the $500 billion mark, the total value of all cryptocurrencies is set to end the week at a moderate loss.

The figure hit a low of $422 billion Friday as bitcoin, the world's largest cryptocurrency by market capitalization, fell to an eight-day low of $9,593.

The total market capitalization stands at $445 billion - still down 8.26 percent from last Friday's high of $485 billion.

Out of the top 25 cryptocurrencies by market capitalization, the majority are reporting losses on a weekly basis.

Nano wallet for Android went live in beta this week, although it's unclear if the news has driven prices higher.

The cryptocurrency fell to $29.95 yesterday, amid a general market drop.

Vechain's VEN token is the third biggest gainer among the top 25 cryptocurrencies for the second week.

The cryptocurrency had rallied sharply in the run-up to the relaunch date, and the losses may be merely part of the wider market dip.

The cryptocurrency was also the second biggest loser last week.

It's even been rumored to be the underlying platform for Venezuela's new cryptocurrency, the Petro, though this, too, has done little to boost the markets.