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The cryptocurrency market had a good start for 2019 and now it started bleeding with no sign of relief, with huge red candles for all cryptocurrencies, including Bitcoin [BTC], XRP and others.
Bitcoin was showing good signs of a bullish trend after a very long time, but it has now fallen below the $ 4000 line, which has been steadily maintained over the last few days.
The price of Bitcoin in the chart at one hour has dropped from $ 4,024 to $ 3,809 and has not yet stopped going down. The largest volume for BTC comes from the exchange, BitMEX, and contributes to a whopping 15%, which is $ 1 billion, via the BTC / USD trading pair
BTC's market capitalization fell below the $ 70 billion line and currently stands at $ 68 billion with a 24-hour trading volume that drops to $ 5.6 billion.
The second candle for BTC, which opened at $ 3,847, is constantly descending along the rabbit hole without signs of stopping. The candles must still close while the slaughter continues.
XRP
As for XRP, even the second largest cryptocurrency in the world has suffered the same fate, where prices have fallen from $ 0.38 to $ 0.35, with a reduction of 11% less ;Now.
The bears took the reins off the bulls and set off to crash the markets. However, this news for XRP was positive in a way that XRP regained its second position and reported Ethereum in third place.
The total trading volume for XRP is $ 635 million and most of it was provided by ZB.com, with XRP / BTC trading pairs.
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