19th November was a black day for cryptocurrencies. Even worse than 15th.
$40 billion o market went POOF!
3 days on, currencies haven’t still recovered.
Here’s how the Top 3 spent their day.
BITCOIN
The crypto king spent its day trying to keep the values balanced. Opened at around $4,400. At the time of this writing, it’s still cuddling with the $4,500 line.
The resistant $6,700 line is well out of reach now. With Bakkt platform in delay, this year may not be the lucky charm Bitcoin was looking for.
Clearly not the fault for Bakkt management because that’s how things work out. Times changes, features are added, tested, tested again until they are fit for public use. The hate sentiment for Bakkt is clearly out of line.
‘As is often true with product launches, there are new processes, risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied. So, it makes sense to adjust our timeline as we work with the industry toward launch.’ — Bakkt CEO Kelly Loeffler
XRP
The second in-line of the crypto throne is XRP. Recently gaining the second position and clearing the gap with a huge margin, the force has been strong with this one. It outran Ethereum and the difference is now almost $4 billion. Not going down anytime soon. The currency started at around $0.43, saw a few short-lived surges and is back at $0.43 at the time of this writing.
Market dominance of XRP overruled Ethereum on 16th of this month and is now at almost 12% with Ethereum on 9.2%.
With news of strategic alliance between Ripple and Stellar making rounds, things might get even better for XRP.
ETHEREUM
The third, and the currently exhausted in the race for the first hasn’t had a great week this month. Loosing the race to XRP, the currency is lagging in progress. As of today, it started at $132 and is at around $132. Keeping the pace, surging for once before falling back to the normal.
As of today, reports of Ethereum being hit be minting attacks are being heard. Stay strong, comrade.
