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The Motley Fool Xapo Bitcoin Cash

The Motley Fool Xapo Bitcoin Cash

Xapo Bitcoin Cash
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Crypto update: Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Stellar sink after extinction event warning

Xapo Bitcoin Cash,The Motley Fool
It certainly has been another disappointing 24 hours of trade for the crypto traders. On Thursday morning the cryptocurrency market is a sea of red with all the top 50 coins in negative territory. This has led to the value of the entire market falling 5.5% since this time yesterday to US$194.2 billion according to Coin Market Cap. While crypto giant Bitcoin (BTC) has plunged lower and at one stage dropped below the symbolic US$6, It certainly has been another disappointing 24 hours of trade for the crypto traders. On Thursday morning the cryptocurrency market is a sea of red with all the top 50 coins in negative territory. This has led to the value of the entire market falling 5.5% since this time yesterday to US$194.2 billion according to Coin Market Cap. While crypto giant Bitcoin (BTC) has plunged lower and at one stage dropped below the symbolic US$6 Xapo Bitcoin Cash , the declines have been much more severe among the alt coins. This decline could have been triggered by comments from the president of Hong…

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It certainly has been another disappointing 24 hours of trade for the crypto traders.

On Thursday morning the cryptocurrency market is a sea of red with all the top 50 coins in negative territory.

Xapo Bitcoin Cash,The Motley Fool
Xapo Bitcoin Cash

Xapo Bitcoin Cash,The Motley Fool
000 mark Xapo Bitcoin Cash ,000 mark, the declines have been much more severe among the alt coins.

This decline could have been triggered by comments from the president of Hong Kong-based Bitcoin wallet company Xapo.

Its president, Ted Rogers, tweeted that “We could be in the midst of the extinction-level event for “cryptoassets” that many maximalists have predicted. 90%+ of CoinMarketCap list will disappear eventually – might as well happen now.”

Rogers remains positive on Bitcoin’s prospects, though, and has suggested traders buy the dip.

price has recovered slightly and is down just 2.6% over the last 24 hours to US$6,130.67, leaving it with a market capitalisation of US$105.5 billion.

(ETH) price is down 9.1% since this time yesterday to US$263.13 per token. This reduces Ethereum’s market capitalisation to US$26.7 billion.

(XRP) price is 5.6% lower during the period to 26.55 U.S. cents, leaving the alt coin with a market capitalisation of just under US$10.5 billion.

(BCH) price has tumbled 8.4% since this time yesterday to US$490.55. The Bitcoin spin off now has a market capitalisation of US$8.5 billion.

(XLM) price is off 5.5% over the last 24 hours to 21.41 U.S. cents. This reduces Stellar’s market capitalisation to just over US$4 billion.

Outside the top five things were equally bleak. The

Xapo Bitcoin Cash,The Motley Fool
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