The attack of the bear on November 14 saw many cryptocurrencies crumble under the pressure of the bear that also coincided with multiple support stops. Bitcoin [BTC] he faced the first wave of attack of the bear, with the cryptocurrency that fell under the psychological support of all time $ 6000.
At the time of writing this article, Bitcoin was still languishing below $ 6000 and its market capitalization was under $ 100 billion. Shortly before the fall, Jihan Wu, the CEO [CEO] Bitmain had tweeted:
"I'm not going to start a hash war with CSW, because if I do I transfer the hash power from btc mining to bch mining.btc the price will be downloaded under the annual support, it could even violate $ 5000. But since CSW is relentless I am ready to fight until death! "
Another coin that shared the fate of Bitcoin was Cardano [ADA], which saw it crash at its lowest price in over a year. Cardano was also in the news recently when the ADA team conducted an Ask Me Anything [AMA] session to talk about reward schemes in their points of interest.
One user asked to stake out ADA using a Ledger hardware portfolio and a Raspberry Pi computer. To this, Jonne33, a user of Reddit said:
"Once delegated you can put your ada on Ledger or even on a wallet of paper.You do not need to be online after this (ie you do not need Raspberry Pi or something like that) Raspberry Pi can be used initially to access Ada and delegate it via Linux Daedalus client (still under development) or through several light wallets that are popping up at the moment. "
Ethereum [ETH] and XRP also felt the ripple from falling prices with XRP that detected Ethereum in terms of market capitalization. Both cryptocurrencies recorded weekly double-digit losses in which Ethereum slipped by 12% while XRP fell by a significant 18%.
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