The Christmas colors are back on display for crypto market. Till now, almost $10 billion have been flushed out from the market causing huge falling curves to show up on investors’ screens.
This November has been a roller-coaster ride for cryptocurrency. Three major crashes have been witnessed with a subsequent recovery period bringing high-flying crypto prices down to the ground.
This was today:
All major currencies are down by atleast 5%.
With the market change of -7.37% for the past 24h, Bitcoin has plowed through the yesterday’s recovery stable price of $4,200. It briefly went below $4,000 too, coming back up quickly. Bitcoin has lost almost 36% of its value this month.
The second-in-line, XRP is down almost 5%, with trading value of $0.35, 2 cents behind the today’s opening value. XRP has lost about 19 percent this month.
Ethereum, the third largest cryptocurrency, controlling 9% of the market hasn’t had a good day either. Its prices are down 5% to $112 against the opening $117. It’s still at number 3, $3 billion in market capitalization behind XRP and has lost about 40% of its price this month.
With the Top 3 controlling the steering wheel, the rest of the currencies (except stablecoins) had no choice but to fold.
With no way of metering or predicting the runs, we are entirely at the mercy of these price graphs. There’sonly one way to go: through this.