CRYPTO NEWS: LARGEST CRYPTOCURRENCY CORRECTION EVER!steemCreated with Sketch.

in #cryptocurrency • 7 years ago

The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing.

The price drop is having a huge impact. According to Coinmarketcap.com, a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isn’t in the red over the past 24 hours. That’s Tether.

It’s a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16.

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Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin.

Upvote and follow for more crypto news on the slump and more. I will not be posting a crypto pick today due to the situation of the market and its high volatility.

#crypto #altcoins #dtube #blockchain
7 years ago in #cryptocurrency by
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