HOW TO CONVERT YOUR ALTCOINS INTO CASH
Crypto meltdown: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, and Litecoin are being crushed
Last week certainly was one to forget for crypto traders with heavy declines being experienced by almost all major coins. Unfortunately, the selloff has continued this weekend and the crypto market has fallen deep into the red. At the time of writing the entire value of the crypto market is down to US$209.4 billion according to Coin Market Cap. This is a decline of almost 8% since this time yesterday and extends the market’s seven-day decline to a whopping 21.5%. While the rejection of the Winklevoss Twins’ ETF and a delay in a decision on the VanEck ETF has weighed…
To keep reading, Litecoin To Aud Converter
Enter your email below for FREE access to this article and all the content on the site. Also receive Take Stock, The Motley Fool's unique email on what's really happening with the share market. You may unsubscribe any time.
. We will use your email address only to keep you informed about other products and services we think might interest you. Please read our
Last week certainly was one to forget for crypto traders with heavy declines being experienced by almost all major coins.
Unfortunately, the selloff has continued this weekend and the crypto market has fallen deep into the red.
At the time of writing the entire value of the crypto market is down to US$209.4 billion according to Coin Market Cap. This is a decline of almost 8% since this time yesterday and extends the market’s seven-day decline to a whopping 21.5%.
While the rejection of the Winklevoss Twins’ ETF and a delay in a decision on the VanEck ETF has weighed heavily on the market this month, the latest decline could be attributable to comments from a Bloomberg Intelligence analyst.
According to Bloomberg, its analyst Mike McGlone has warned against buying the dip in the prices of cryptocurrencies.
He has stated that: “Bitcoin is in dump mode, following the pump run-up on the potential for a U.S. ETF. It may not subside until revisiting good support near $4,000 — last year’s mean.”
The market appears to have taken heed of these ominous words. Here is the state of play this afternoon:
(BTC) price is down 5% over the last 24 hours to US$6,142.07, reducing its market capitalisation to US$105.7 billion.
(ETH) price has plunged 12.2% since this time yesterday to US$318.07. This leaves Ethereum with a market capitalisation of US$32.2 billion.
(XRP) price has fallen 12.5% over the period to 29.78 U.S. cents, reducing XRP’s market capitalisation to US$11.7 billion.
(BCH) price is off 8.5% since this time yesterday to US$552.23. The Bitcoin spin off now has a market capitalisation of just over US$9.5 billion.
(EOS) price has plunged 10.6% over the last 24 hours to US$5.14, leaving EOS with a market capitalisation of almost US$4.7 billion.
Outside the top five the declines have been just as severe. The Litecoin To Aud Converter
7 of 8 People Are Clueless About This Trillion-Dollar Market
One of our investors has recently returned from a research trip to Silicon Valley... and has a warning for fellow investors:
Because he works for an organization dedicated to spreading great investing ideas, his video report is free today... so you can see it and decide for yourself.
to learn about this warning and how you might be able to profit!
has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a
. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.
Don’t let this opportunity pass you by – this is your chance to get in early!
Simply enter your email now to find out how you can get instant access.
. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our
0 Reviews:
Post Your Review