Home / Litecoin / Flash crash: Bitcoin [BTC], Ethereum [ETH], XRP and other altcoins bleed red; bears celebrate on bulls -AMBCrypto

Flash crash: Bitcoin [BTC], Ethereum [ETH], XRP and other altcoins bleed red; bears celebrate on bulls -AMBCrypto

On October 29th, the cryptocurrency market saw complete red when nine of the top ten cryptocurrencies saw its prices fall at an unprecedented rate. The technical analysis provided by several analysts had predicted a lateral movement with sporadic bearish falls, but it seems that the bear had other plans lowering prices even more than expected.

Popular cryptocurrencies, including Bitcoin [BTC], Ethereum [ETH] and XRP, they were all on the bearish slide with seemingly extinguished brakes.

At the time of writing, Bitcoin [BTC], a cryptocurrency whose fund has been predicted by several analysts, appears to have different plans falling to $ 6,392.08. Vitalik Buterin was co-founder of Ethereum [ETH] reflects the exact same behavior of Bitcoin, acting as a co-passenger on the bearish slide.

The fall of the second largest cryptocurrency comes on the heels of the news that revealed that Ethereum will be supported by Hyperledger Fabric. The XRP, which has recovered the delay with Ethereum in terms of market capitalization, has fallen by a whopping 3.95%. The bearish collapse increased the disparity between XRP and Ethereum to $ 2.9 billion.

Brock Pierce, co-founder of EOS, who has been silent on the development front, has certainly not been exempted from the bear's attack, bringing the price of the coin from $ 5.42 to $ 5.15.

The biggest loser in the top ten cryptocurrency club was Charlie Lee founded Litecoin [LTC], which fell by an astonishing 5.95%.

The fall of Litecoin comes on the back of several analyzes pointing out that LTC had broken its price support several times in recent months. At the time of writing, Litecoin was trading for $ 48.82 with a market capitalization of $ 2.88 billion.


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