Ripple, Bitcoin Cash, Cardano Drop 5% in Crypto Market Retreat

Major cryptocurrency liabilities such as Bitcoin, Ethereum, Ripple, Bitcoin Cash and Cardano have lost 2 to 5 percent of the range, while the Cryptocurrency Market lost about $ 20 billion over the past 48 hours.

Ripple, Bitcoin Cash, Cardano

Most major cryptocurrency has been steadily declining in the past 3 days since May 6. With bitcoin failing to test the $ 10,000 support level, it prompted the chain effect in most cryptocurrency exchanges.

Today, on May 9th, along with IOPA, Litecoin and NEO, some of the worst performers are in the classroom such as Bitcoin Cash (BCH) and Cardano (ADA). In addition to some exceptions, such as Giela, Aguir, and Pondics, the entire market has registered a huge loss.

The $ 500 billion mark is the total Cryptocurrency market and the main support level in May, the cryptocurrency credit market is $ 420 billion, over 450 billion dollars, and the $ 500 billion mark.

Despite the strongest year of 2017, with the partnership of the largest banks in South Korea and Japan, the price of the XRP goes beyond $ 1 to $ 1.

Investors are expected to register XRP profits in the first half of May, with its cooperative projects with South Korean based financial institutions. On May 8, South Korea's third largest CryptoCorre exchange was attached to the Finitech Arm Coin Transfer,

"We are proud to join Ripplenet as the first digital exchanger in Korea and implement Repleld's xCurrent solution," said Repleld's x-ray solution, which transforms the lives of real consumers, which provides real-time, low-cost global payment services, "says Covine Transfer's CEO, Sheen says.

Coinline Transfer emphasized that domestic payments and international networks could be resolved at xCurrent as a major payment and financial network in South Korea.

"Coinone transfer, and traditional parent companies such as their parent company Coinone show a revolution that moves money to their customers and we look forward to working with Coinone Transfer to implement their new, state-of-the-art remittance service." Yoshikawa added.

The price of XRP has been reduced over the last few weeks despite the use of xCurrent by South Korea and Japan banks, financial institutions, payment companies, and finite companies.

Technical indicators including general and exponential moving averages show adverse short-term trends for XRP, although its relative Strength Index (RSI) and Williams' Percentage Range (WPR) are in a neutral zone and perform a solid position for rebound, and the price of XRP in the coming days It is below 0.8 mark.

Ethereum

Investors most speculated about Ether US government hearing on May 7, but failed to investigate and failed to get clarification from the SEC about market ether's classification, while Ether's price fell slightly above $ 800.