Crypto Markets in the Red Zone, As BTC Fails to Cross Over $8K

Hey ninjas, how’s the trading going? On the day, the majority of the top 20 cryptocurrencies are reporting moderate losses. In the last week, the largest cryptocurrency Bitcoin dipped below $6,000 losing almost 25% of its price value in a day but has regained some of its losses and traded above $7K.

Since then the largest cryptocurrency has traded as high as $7,882 and as low as $7,200 but never crossing over $8,000. On the day BTC is trading at $7,308 and is reporting daily losses of 6.05% at press time. 

Bitcoins dip in the past week seemed to have also affected a number of top cryptocurrencies. On November 27th bitcoin lost 25% of its price value and on the same day the largest altcoin Ethereum also reported a significant decrease in its market price, Ether was initially trading at $148 before dipping on the 27th of November to trade at $144. Ether has since regained its losses and traded as high as $152. On the day the largest altcoin is reporting 4.01% losses and is trading at $148 at press time. 

The second-largest altcoin XRP also reported a significant decrease in its price value on the 27th, on the week XRP is down 0.68% and on its monthly chart the top altcoin is down 24.73%. At press time XRP is trading at $0.21 and is reporting 4.51% losses in the last 24 hours. 

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