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The cryptocurrency market has been hit massively by the bear with all the top ten coins that include Bitcoin [BTC], Ethereum [ETH], Tron [TRX] and XRP all see huge price drops.
A preliminary analysis of the market shows the price trend in line with not only the top ten cryptocurrencies, but rather the whole club of twenty cryptocurrencies. At the time of writing, Bitcoin [BTC] it was down 2.06% with a total market capitalization of $ 110.120 billion. Cryptocurrency has continued to decline steadily over the past 12 hours in the 2.5% -4% range.
XRP, whose HODL prices expected to increase after the commercial launch of xRapid, has not yet reached market expectations with a downward decline of 2.6%. The cryptocurrency that was in a run to overcome Ethereum in terms of market capitalization still holds a disparity of $ 2.2 billion. Also Ethereum was not spared by the bear, slipping at a rate of 3.51% with a total market capitalization of $ 20.210 billion.
Justin Sun's Tron [TRX] It was another big accident during the massacre of the bears. The cryptocurrency that had recently announced that it had completed 901.408 daily transactions along with several updates, proved to be one of the biggest losers in the top 20 cryptocurrencies. At the time of writing, Tron [TRX] it was trading at $ 0.022 with a total market cap of $ 1.467 billion.
Charlie Lee founded Litecoin [LTC] he was the biggest loser in the top ten cryptocurrency club, suffering a huge 5.15% crash. The cryptocurrency was trading at $ 49.18 with a total market capitalization of $ 2.898 billion. Litecoin has also been in the news recently when Lee stated that he wanted to start a currency that was impartial, fair and something that would be established as a compliment of Bitcoin.
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