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.

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

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 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.
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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