Bitcoin , Ethereum and Bitcoin cash has plunged this morning at the average of -20%.
Not only thoses cryptocurrencies , but , all ather altcoins except the Ripple currency!
May be it still unclear the reasons behind, but ,some suspect a bad news coming from china …
Bitcoin plunged more than twenty percent to a low $13 528,80 -at the time of writing this post (23th december)- according to coinmarketcap.com ( which’s the source of charts)
Ethereum with $64 107 467 646 as a market cap, coming second after Bitcoin in term of market cap, plunged more than 21 percent to a low of $679,08
Bitcoin cash plunged more than 30 percent to a low $2 491,95. (at the time of writting this post)
Bitcoin cash has lost his third rank after ethereum in favor of Ripple, Bitcoin cash market cap is $42 037 545 583 ( at the time of writting this post)
Ripple seems to be the only currency taking advandge from this situation, in fact , Ripple rank has been advanced from the fourth to the third rank in term of maket cap ($42 284 163 992), his value has increased more than nine percent .
Less known cryptocurrencies
The other altcoins plunged also regardless of their type of thechnologies:
- Zcash plunged more than twenty percent
- IOTA plunged more than thirty percent
- Peercoin plunged more than twenty percent
why Bitcoin fall.?
According to Quora discussion , china has shut down all the exchange platforms in the country , those news may have such effect in the markey place, but , why the ripple is the only cryptocurrency which dosen’t plunged?!
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