Opinions

Cryptocurrency Witnesses Fresh Plunge — What’s Happening?

Volatility is what cryptocurrency lives for these days.

Coin360 Charts
Source; coin360.com

Here’s how top slot holders in crypto world spent their crash day.

Bitcoin:
The king of the market started the day with $3,789 in cash. 4 minutes after the day started, a sudden change in mind of holders showed up on the graph as a loss of around $100 in 15 minutes. From there on, it’s sharp surges and dumps till now when the USD price is at $3,662. BTC lost 4% of its strength today.

BTC chart
Source: coinmarketcap.com

XRP:
From $0.36 to $0.35, XRP is down by 4% with about a $700 million lost in market capitalization. It is currently trading at $0.3545 and is down by 4% of the monthly status.

XRP chart
Source: coinmarketcap.com

Ethereum:
Ethereum had a worse day than both of the currencies that are above it in market capitalization. It started trading at $123 and is currently trading at $118.  It has worked hard in remapping the distance between the second player, XRP and itself. The $4 billion gap in market capitalization is down to 2 and the monthly status for Ethereum is slightly in green.

Ethereum chart
Source: coinmarketcap.com

All the other major currencies, acting like follower dominoes, are in red too. Digital Asset ties can’t be stressed enough.
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Photo by lifesimply.rocks on Unsplash


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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