Almost every major cryptocurrency is falling

Graham Rapier

 

-- The six largest cryptocurrencies have all lost value in the last 24 hours.

-- Bitcoin was down 4.6%, Ethereum was down 4.6%, and Ripple’s XRP was down 6.3%.

The six largest cryptocurrencies, including the flagship bitcoin, have all sunk in the last 24 hours, according to data from Markets Insider, following a major cyberattack against a Japanese cryptocurrency exchange last week which resulted in the loss of $400 million.

 

Bitcoin, which still makes up 33% of the entire digital currency market cap, was down 4.6% to $11,297 at the time of writing. Ethereum and Ripple’s XRP token, the second and third largest cryptocurrencies, were down 4.6% and 6.3%, respectively, at $1,184 and $1.30 per token.

 

Smaller coins with market caps of less than $1 billion had also taken a hit.

 

Bitcoin cash, the rival that split from bitcoin in August 2017, was down 4.3% to $1,677, giving the offshoot a market cap of $399 million.

 

Full story:  http://markets.businessinsider.com/currencies/news/bitcoin-ethereum-ripple-price-almost-every-major-cryptocurrency-is-falling-2018-1-1014445015

 

-- BUSINESINSIDER 2018-01-30

Strange, there was no mention of the 10% average rise 48h ago...

8 minutes ago, Golgota said:

Strange, there was no mention of the 10% average rise 48h ago...

Probably because it wasn't worth to mention a 10% dead cat bounce after a almost 50% decline in the past month

21 minutes ago, janclaes47 said:

Probably because it wasn't worth to mention a 10% dead cat bounce after a almost 50% decline in the past month

It was at 7000$ in november, so far it stays in the trend

44 minutes ago, Golgota said:

Strange, there was no mention of the 10% average rise 48h ago...

Yes...and Ether was up almost 40% in the last couple of weeks.....but now falling....

And people who own currency backed by air are surprised 

3 minutes ago, ChrisY1 said:

Yes...and Ether was up almost 40% in the last couple of weeks.....but now falling....

Ether is doing quite well IMO. It could have fall much more. He now even has a better rating than btc

3 minutes ago, Langsuan Man said:

And people who own currency backed by air are surprised 

Speculation works for everything : baseball cards, stamps,... Even the dollar is not backed by anything now

31 minutes ago, Golgota said:

Speculation works for everything : baseball cards, stamps,... Even the dollar is not backed by anything now

Don't forget  tulips 

40 minutes ago, Langsuan Man said:

Don't forget  tulips 

Tulips Mania can t really be compared to the bubble we see now.

But :

Better than a rose on my piano,

Tulips on my organ

overblown myth used by people who have no clue what they are talking about: https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

 

 

Bitcoin!

 

Pffft. So last year...

it won't reach 20k again.......it was all puffed up on air