Hey ninjas, how’s the trading going? The largest and most popular cryptocurrency Bitcoin crashed a few hours losing over $1,500 in 24 hours, BTC has not experienced such a rapid loss of value in months.
Bitcoin was initially trading at $8,150 after its price retracted but seems to have stabilized and is trading at $8,492 at press time. The largest cryptocurrency is reporting 12.75% losses in the last 24 hours and its market cap value is $152 billion at press time. BTC market cap dropped $17 billion.
The largest altcoin Ethereum dipped as well, losing almost $2 billion. ETH market cap value is $18 billion at press time. The largest altcoin is reporting 15.46% losses in the last 24 hours. Ether was initially trading at $202 dollars before dipping but is now trading at $167 at press time.
Ripples XRP like the majority of the top 20 cryptocurrencies is reporting “double-figure” losses in the last 24 hours. XRP is down 11.82% on the day and is trading at 0.23 at press time. XRP market cap reportedly went down more than a billion dollars in the last 24 hours and its present value is $10 billion at press time.
The second-largest altcoin was initially trading at $0.27 before dipping, will the top cryptocurrencies recover or dip further?