THELOGICALINDIAN - In the aftermost 24 hours abounding arch cryptocurrency markets accept burst bottomward to column new lows for 2024 The action has apparent BCH abatement beneath 100 for the aboriginal time anytime while the bazaar cap of ETH has collapsed beneath 10 billion for the aboriginal time in over a year The absolute assets of the accumulated cryptocurrency markets appears on the border of testing 100 billion currently sitting at 1075 billion
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BTC Posts New Low for 2018
BTC has burst beneath abutment at the bounded low at about $3,500, announcement a new low for 2018 of $3,300 on Bitstamp and $3,370 on Bitfinex, at almost 10 p.m. EST. BTC currently has a bazaar cap of about $59.5 billion.
The dump has additionally coincided with a bead in the advance amid the prices on USDT and USD exchanges, with the advance amid BTC markets on Bitfinex and Bitstamp currently at about 2%.
BTC has collapsed about 83% back compared with the best highs of about $20,000 acquaint about 12 months ago.
BCH Dips Below Double Figures For First Time
BCH has alone beneath $100 for the aboriginal time ever, trading as low as $96 on Kraken.
The abiding bearish activity of contempo weeks has apparent the bazaar assets of BCH abatement beneath $1.8 billion, currently baronial it as the seventh better cryptocurrency. As of this writing, BCH has afford 97% of its amount back compared with its best aerial of almost $4,000 during Dec. 2017.
Looking at the BCH/BTC charts, Bitcoin Cash is currently trading at an best low of about 0.03 BTC.
XRP Tests $0.3
Despite experiencing a cogent sell-off alongside the added arch cryptocurrency markets, XRP has captivated aloft the breadth of its 2018 low for now. XRP is currently trading at the $0.3 area, sitting almost 20% aloft the $0.25 breadth of September’s double-bottom.
When barometer adjoin BTC, XRP appears to be accumulation afterwards afresh breaking aloft the 0.00009 BTC breadth for the aboriginal time in six months. XRP has acquired almost 100% over BTC back mid-September.
XRP is the second-largest cryptocurrency by bazaar cap with a assets of $12.1 billion.
ETH Market Cap Slips Below $10 Billion
ETH additionally fell beneath $100 in contempo days, hitting the double-figure ambit for the aboriginal time back May 2017. ETH is currently trading for about $85, bottomward about 94% from the January aerial of $1,425. The sell-off saw record-breaking aggregate acquaint on Nov. 20.
When barometer adjoin BTC, ETH is currently retesting abutment at 0.025 BTC for the aboriginal time back absolutely one year until today.
The blast beneath $100 has additionally apparent the bazaar assets of Ethereum abatement beneath $10 billion for the aboriginal time back May 2024, with Ethereum currently baronial as the third better cryptocurrency with a bazaar cap of $8.8 billion.
Do you anticipate that the affliction of the auctioning is over for 2024, or will we see lower prices by January? Share your thoughts in the comments area below!
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