MVIS CryptoCompare Top 100 IndexThe MVIS CryptoCompare Top 100 Index has dropped 4.70% in the last 24 hours to 3,606.60

South Korean law enforcement officials have raided three companies offering cryptocurrency exchange services, local media reported. The searches have been carried this week after an earlier investigation into unusual money transfers.

According to South Korean authorities, executives and staff are believed to have redirected funds from customers’ accounts towards their own. They were then used to buy cryptocurrencies on other exchanges. Investigators will also try to find out if the companies have raised money by defrauding potential investors.

“The firms turned up on our radar in January, during our investigation of suspicious money transfers between bitcoin exchanges”

South Korean Prosecutor

Top 10

CryptoCompare Top 10 Coins

Eight coins from the top 10 coins by 24-hour volume showed a negative change, ranging from 0.75 to 3.4%, in the last 24 hours. Bitcoin (+0.27% at $8,233) and Ethereum Classic (+3.63% at $18) were the only coins from the top 10 coins that showed a profit in the last 24 hours.

Bitcoin Cash ($915), Tronix ($0.03) and EOS ($5.04) posted a loss of around 2.5%, while NEO ($68) and Binance Coin ($8.97) recorded losses of around 3%.

BTC

Bitcoin BTC/USD CryptoCompare Chart

At the time of writing, the Bitcoin price is sitting at $8,233 representing a gain of 0.27% in the last 24 hours. More than $1.2 B worth of BTC were exchanged in the BTC/USD market representing a 26.3% share of global daily volume. The BTC/JPY pair represents the biggest pair with a 49.5% share.

ETH

Ethereum ETH/USD CryptoCompare Chart

The Ethereum price posted a loss of 0.76% over the past 24 hours and is currently sitting at $606, with over $240 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair, which has a 34.1% market share of the global daily trading volume. The ETH/BTC pair represents the largest pair with a 35% share.

XRP

Ripple XRP/USD CryptoCompare Chart

At the time of writing, the Ripple price is sitting at $0.68 representing a loss of 2.89% in the last 24 hours. More than $75 M worth of XRP were exchanged in the XRP/USD market representing a 17% share of global daily volume. The XRP/KRW pair represents the biggest pair with a 48% share.

LTC

Litecoin LTC/USD CryptoCompare Chart

The Litecoin price has dropped 0.93% over the past 24 hours and is currently sitting at $162, with more than $110M worth of LTC exchanged in the past 24 hours on the LTC/USD pair, which has a 33% market share of the global daily trading volume. The LTC/BTC pair represents the largest pair with a 36% share.