11 July 2017 Black Tuesday - For Crypto Markets As $10 Bln Wiped In 24 Hours, Bitcoin 10%, Ethereum Down 20%, Ripple and IOTA 30%.
Crypto Market Crashes 10Bln In 24 Hours
Tuesday 11 July 2017 has been really a nightmare for cryptocurrency traders , including big investors of Bitcoin and Ethereum.
According to data of Coinmarket.com , Bitcoin almost fall by 10% on $2300, Ethereum by 20 % felt below $200 once since May, Ripple and IOTA by 30 % both are going to be unpredictable . This kind of fall was seen for the first time in past couple of months, and prices are still dropping down.
Currently all altcoin had a fall of 20 % , IOTA and Ripple 30 %.
Cointelegraph reported on investors suspicion about Bitcoin , It is a begin of new price triangle , it will appear toward down against our expectations our hope of upward trend.
This kind of market fall is really checking patience of long term investors of Bitcoin and Ethereum .
Good News For STEEM - It is recovering much faster than other coins , I think it is due to Steem Community
I agree. I think some of this due to the FUD out there surrounding Segwit2x and BIP 148.
Ethereum is backed by J.P morgan, Putin, Bilderberg, Banks, Microsoft and further on.. It's not going anywhere. Bitcoin on the other hand, it's hard to say about the pricing right now.
These Big Whales can pull it off .
I believe blockchain is here to stay, and therefore the coins will take off again. The question is when?
Lets keep on watching market
Good News For Ethereum (But Not Bitcoin):
Good points. Prices mostly stabilized for today but I expect that they'll keep dropping soon.
yes hope you dont fall into losses
i like your post my friend
Thanks buddy really appreciate your comment , You can read my other posts too @mysurrounding , Vote up if you like them , I never knew i can write good enough , Thanks to followers like you .
Welcome to steem @mysurrounding, hope you enjoy being a part of the community and make lots of money! minnowsupport can help you find your feet. Follow me !
My aim is not money , my motive is to generate good quality content and try to reach it till maximum people.
Thats steemit community who is so generous that pay us for our work.