Opinions

Bitcoin (BTC) Falls Below $3,600, Lowest Since December

Almost all cryptocurrencies are seeing low-to-moderate losses in their price charts today. Today’s crash has taken Bitcoin down to 19th December’s level.

cryptocurrency chart
Source: coin360.com

Bitcoin is down by 3%, trading at $3,570 press time. It started its day with $3,665 and maintained it until 21:04 (UTC+5) when the curve falls suddenly to below $3,600.

BTC chart
Source: coinmarketcap.com

XRP didn’t get it easy enough either. It too was calmly floating at $0.33 when suddenly, similar to Bitcoin, the graph turns downward, stopping at $0.31 where it is maintaining its value.

XRP chart
Source: coinmarketcap.com

The worst of the day, among the Top 3, happened to Ethereum. A calmly floating at $125 Ethereum was pushed to $119 in one single slopping slant. Ethereum is now trading at $116, a loss of 7%.

Ethereum chart
Source: coinmarketcap.com

Rest of the Top 10 blindly followed the Top 3 into a steep descent. All are in red at press time.

Top 10 charts
Source: coinmarketcap.com

No explanations can be given whatsoever on the behavior of these graphs. It’s all about the investors. They do what they want to.

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Sarim Mehmood

An electrical engineer to be. Sarim is a blockchain & crypto enthusiast and an early investor in ETH and Ethereum based projects. Contact the editor at editor.opinions@blockpublisher.com

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