Latest Status for HOT, BTT and XRP
The decline in the cryptocurrency market continues unabated. The sudden withdrawal of the Bitcoin (BTC) price to $ 56,000 led to a liquidation of exactly $ 1.65 billion. The fact that there was almost a record amount of liquidation within 24 hours indicates that this decrease may also be caused by the derivatives markets.
🚨Crypto Money Market Falls Hard
When looking at the general situation of the crypto money market, it can be said that the loss is not much. The total value of the crypto money market seems to be $ 1.954 trillion as of the time of this writing, and there is an average loss of $ 100 billion.
Although the #Bitcoin price has decreased by 1.6% in the last 24 hours, it has managed to turn green and gain an increase in 1 hour. BTC is currently trading at $ 56,612 and maintains that level. This withdrawal of BTC affected altcoins the most.
🚨Top 10 Loser: XRP
Looking at the cryptocurrencies in the top 10, it is seen that the most affected by this decline is XRP, which recently broke the record. The XRP price has dropped 10% in the past 24 hours and is again seen below $ 1. #XRP is being traded at $ 0.92 at the time of this writing.
#Chainlink (LINK) was another cryptocurrency that fell in the top 10. The price of LINK, which has declined by 6.7% in the last 24 hours, is followed by #LTC with 6.3% and #ADA with 5.8%. Meanwhile, Ethereum (ETH) price has also been pulled to $ 2,000.
🚨HOT, BTT, and WIN Falling
When it is a little further out of the table , it is seen that the situation of cryptocurrencies such as #BitTorrent Token (BTT), #Holochain (HOT) and Ripple (XRP) , which have achieved a parabolic rise for a period , is much worse.
As can be seen from the chart, the BTT price fell very sharply after reaching its peak and fell below the critical supports. The important region for BTT in the continuation of this is known as $ 0.007 and falling below this may bring the levels of 0.000.
Like BTT, HOT price is now declining after gaining a parabolic rise recently. HOT pulled down to the $ 0.02 level and it can be said to be a significant support. In the continuation of this, the level of $ 0.017 will be critical.
Especially in parabolic rising cryptocurrencies such as HOT, BTT and WIN, it can be said that these decreases are still mild.