Bitcoin Loses 6% , Ethereum Loses 6% , Ripple Loses 12 %, Crypto market was down due to sell of by investers
around 15 billion dollars of cryptos been sold off by investors mainly reason is due to upcoming hard fork in nov.
Earlier today, on October 18, the cryptocurrency market saw the price down of Ethereum fell by 8 percent and Bitcoin declined by over 6 percent.
Within the 1 day, the price of Ether, the native cryptocurrency of Ethereum, fell from $340 to $299, while the price of Bitcoin fell from $5,650 to $5,180. Nearly all cryptocurrencies in the market including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, and NEM were down 5 percent, Ripple was the largest loser in value at 12.56 percent.
Ethereum recently completed its Byzantium hard fork successfully and as Ethereum co-founder Vitalik Buterin noted, the Ethereum blockchain network has been relatively stable subsequent to the completion of the fork.
meanwhile Ripple secured a partnership with the Gates Foundation, which entails the integration of the Ripple blockchain network to settle mobile payments through the Ripple inter ledger technology. Earlier this week, the Gates Foundation revealed the development of Mojaloop, a mobile payments platform in partnership with Ripple, Dwolla, and Modus Box, which is expected to power banking systems and financial networks in regions like Tanzania with poor banking infrastructures.
with all these updates it is expected that crypto market will grow and bitcoin will cross 6000$ in end of 2017