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.
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.
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.
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%.
Rest of the Top 10 blindly followed the Top 3 into a steep descent. All are in red at press time.
No explanations can be given whatsoever on the behavior of these graphs. It’s all about the investors. They do what they want to.