Last Wednesday, nine of the top 10 cryptocurrencies collapsed, followed by Thursday until they lost 15% from the level of 24 hours ago. Bitcoin fell below $ 6,500 in the period, a cue followed by other major currencies.
The most quoted cryptocurrency in the world broke the $ 7000 barrier on Monday for the first time in the last seven days and toured the roller coaster for the next two days. The currency broke the barrier on Tuesday at 0100 UTC and never looked back.
At the time of the press, bitcoin was trading hands at $ 6,384. The market capitalization of cryptocurrency has dropped to $ 109 billion, according to CoinMarketCap.
After a long interval, the bitcoin had hit $ 8,000 last month. However, all the hopes of its rapid increase like last year have been broken while falling in the following weeks.
On Wednesday, other currencies such as ethereum (-10%), XRP (-14%), bitcoin (-13%) and EOS (-15%) were also traded in red at the time of reporting. Except for XRP, everyone continued their presentation on Thursday at the time of the press.
XRP and Litecoin touched their low year in the process. Litecoin was trading at $ 64, far below its high of $ 235, according to CoinMarketCap.
Similarly, XRP traded hands at $ 0.35, one-tenth of his highest year in January.