After yesterday’s 12% increase in terms of its volume, Bitcoin (BTC) has sunk overnight, going below the $6,300 margin and with that becoming the main news post in our Bitcoin news section today.
When it comes to the altcoins, it is safe to say that three of the most popular including Ethereum, Ripple and Bitcoin Cash have all declined by 12% to 13%. The overall dip in the prices of the top coins comes at a time when Bitcoin was eyeing $7,000 and when the top altcoins were stable.
According to our analysts, it is the downtrend of Bitcoin that led other major cryptocurrencies and tokens to also plunge – and fall substantially below their monthly highs. Right now, Bitcoin is trading at $6,276, Ethereum has fallen to $200, Ripple plunged to $0.408 and Bitcoin Cash fell to $449 accordingly.
The volume of XRP is a viral topic because it has fallen from $2 billion to $670 million, which came as an aftershock from the plunge – leading the cryptocurrency to continuously decline in value, recording a 13% loss.
The worst performing cryptocurrencies of the day include WanChain, Theta Token, Ripple, Nano, Tron, NEM and Waltonchain, all of which dropping more than 13% against the US dollar.
When it comes to Bitcoin, right now the rumors center around the question regarding Bitcoin – and whether it will hold the $6,000 margin – or fall in the $5,000 region.
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