This was written at an early time..
The six largest cryptocurrencies have all lost value or stability..First bitcoin
Bitcoin (BTC)was down 4.6%(BITCOIN has plummeted some $12.5billion) what is going on? with this market?
Ethereum(ETHER)was down 4.6%
Ripple( XRP )was down 6.3%.
The six largest cryptocurrencies, including the the powerhouse bitcoin, have all sunk in the last 24 hours, maybe its because of the major cyberattack against a Japanese cryptocurrency exchange last week which resulted in the loss of $400 million or maybe it's because of the threats of crackdowns in China and South Korea and the increased of regulators in the US, may have intimidated the price charts which previously seemed to only be moving up in 2017..
Bitcoin, which still makes up 33% of the entire digital currency is down 4.6% to $11,297 Ethereum and Ripple( XRP), the second and third largest cryptocurrencies is down 4.6% and 6.3%, respectively at $1,184 and $1.30,even
Bitcoin cash, the big rival of bitcoin was down 4.3% to $1,677, dropping its market cap to $399 million.Since the crash of BTC,LTC,XRP,Ether,XMR,DASH and the smaller coins with small market caps has also taken a big or small hit for some..But we all the cryptocurrency markets are struggling right now since the big spike in 2017.
Well maybe the decentralized phoenix platform may not resurrect from its ashes but transform to another centralized phoenix.. I guess the cryptocurrency universe will see..
We know its a risk of total loss for some who invested more than they can lose.. We all can relate with the big bitconnect scandal...All we can can do is watch the markets and pray...This is a real Bloodbath in the cryptocurrency universe..
