Cryptos Around the Brink: Ethereum, Ripple Costs Plunge as Groups Post 2018 Lows

Published at Thu, 29 Mar 2018 19:20:22 +0000
But although the bears are now having their way with the charts, the bulls haven’t been discouraged in their optimistic long term predictions.
The Bitcoin price led the retreat, although it wasn’t its own headliner. Even the flagship cryptocurrency dropped 5 per cent to $7,485, once again beating the index and also recapturing a modicum of market share as its whole evaluation ebbed further into the red. At the moment, Bitcoin includes a whole market cap of about $127.9 billion, that translates to some 45.4 % share of this index.

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The cryptocurrency markets continued to sour on Thursday, since the first quarter bearish wave continued to reverberate through the nascent sector. A variety of altcoins sunk to year-to-date highs and large-cap coins like Ethereum and Ripple were not immune in the bloodbath.
The Bitcoin price led the retreat, although it wasn’t its own headliner. Even the flagship cryptocurrency dropped 5 per cent to $7,485, after again beating the index along with recapturing a modicum of market share as its whole evaluation ebbed further to the red. At the moment, Bitcoin includes a whole market cap of about $127.9 billion, that translates to some 45.4 % share of this index.
The bearish trend continued almost uniformly down the charts, as fewer than 10 cryptocurrencies managed to grow against the value of their US dollar.

“All hell will break loose,” he explained adding that “Once the floodgates are opened, they are opened.”

Absolutely, the cryptocurrency market cap shed another $17.8 billion — a daily drop of six per cent — reducing it to some thin $281.3 billion and putting the $300 billion brink further from reach.
The Ethereum price is presently trading at $412 on Bitfinex up in the daily low of just $395. After today’s eight percent decline, Ethereum includes a $40.7 billion market cap and a 14.5 percent share of this index (down from ~20 percent in February).
The bearish trend continued almost uniformly down the charts, as fewer than 10 cryptocurrencies managed to grow against the value of their US dollar.
Ethereum and Ripple fared even worse, as all these two largest altcoins fell to some year-to-date low during intraday trading.
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bitcoin cash price
Resource: CoinMarketCap

Abra CEO Bill Barhydt, meanwhile, recently predicted that institutional investors are poised to start making a dash in cryptoassets, raising Bitcoin and altcoins alike.
The Ripple price, meanwhile, dipped to roughly $0.53 on European cryptocurrency trade Bitstamp. That signifies a 24-hour decline of just under six per cent and leaves XRP using a $21.3 billion market cap.

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The cryptocurrency markets continued to sour on Thursday, since the first quarter socialist tide continued to reverberate through the nascent sector. A variety of altcoins sunk to year-to-date highs and large-cap coins like Ethereum and Ripple were not immune in the bloodbath.

ripple price
Ripple Price Chart

Altcoins Appearance Heavy, However Bulls Refuse to Waver

ethereum price
Ethereum Price Chart

Bitcoin Price Dips Below $7,500

Featured image from Shutterstock.

bitcoin cash price
Resource: CoinMarketCap

Abra CEO Bill Barhydt, meanwhile, recently predicted that institutional investors are poised to start making a dash in cryptoassets, raising Bitcoin and altcoins alike.

ripple price
Ripple Price Chart

Altcoins Appearance Heavy, However Bulls Refuse to Waver

In fact, Tron — now ranked 10th by complete market cap — has been the only leading 25 coin or token to get back a single-day gain (excluding Tether, that can be a stablecoin). Tron climbed just under 10 per cent for the afternoon, raising its price to $0.05 and promote cap to $3.2 billion.
Ethereum and Ripple fared even worse, as all these two largest altcoins fell to some year-to-date low during intraday trading.

He predicted that positive catalysts, such as clarity on regulatory issues, will spur a new market rally later in this year.

ethereum price
Ethereum Price Chart

Featured image from Shutterstock.

“All hell will break loose,” he explained adding that “Once the floodgates are opened, they are opened.”

ripple price
Resource: CoinMarketCap

He predicted that positive catalysts, such as clarity on regulatory issues, will spur a new market rally later in this year.

Bitcoin Price Dips Below $7,500

But although the bears are now having their way with the charts, the bulls haven’t been discouraged from their positive long term predictions.
The Ethereum price is presently trading at $412 on Bitfinex up from a daily decrease of just $395. After today’s eight percent decline, Ethereum includes a $40.7 billion market cap and a 14.5 percent share of this index (down from ~20 percent in February).

In fact, Tron — now ranked 10th by complete market cap — has been the only leading 25 coin or token to get back a single-day gain (excluding Tether, that can be a stablecoin). Tron climbed just under 10 per cent for the afternoon, raising its price to $0.05 and promote cap to $3.2 billion.

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Absolutely, the cryptocurrency market cap shed another $17.8 billion — a daily drop of six per cent — reducing it to some thin $281.3 billion and putting the $300 billion threshold further from reach.
The Ripple price, meanwhile, dipped to roughly $0.53 on European cryptocurrency trade Bitstamp. That signifies a 24-hour decline of just under six per cent and leaves XRP using a $21.3 billion market cap.

ripple price
Resource: CoinMarketCap
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