[ad_1]
Today, the cryptocurrency market seems more than depressed as all the top 10 coins continue to fall at a vicious rate. From Bitcoin [BTC] in Tron [TRX], all coins have dropped by at least 9%. Here, XRP, the second largest cryptocurrency, shows a fall of 9.5%, while the ninth largest coin, Litecoin [LTC] decreased by 12%.
The credit for the accident could be given to the Bitcoin Cash forex [BCH] which brought the market into such a ruin. In the third week of November, Bitmain, the largest mining player in space, moved the attention from the BTC ecosystem to manage the BCH war with its adversary, Craig Wright and nChain.
When Bitcoin started crashing, the coins in its correlation crashed along with it. Since then, the cryptocurrency market has not seen much of the bull as the race to the downside does not want to go on license.
At the time of writing, XRP was trading at a depreciated price of $ 0.3, with a market capitalization of $ 12.3 billion. The 24-hour volume is set at $ 619.2 million.
XRPUSD 30-minute candelabra | Source: tradingview
When the 24-hour cycle started, XRP was traded at a fair price of $ 0.34, where its market capitalization was $ 13.7 billion. However, the currency saw a nearly $ 2 billion elimination in the market capitalization in a single day when the lowest limit was recorded at $ 11.9 billion with the trading price of $ 0.29.
Starting with Litecoin, the currency is currently trading at $ 26, with a market capitalization of $ 1.5 billion. Here, its total volume of trade in the last 24 hours was observed at $ 453.7 million.
LTCUSD 30-minute candlesticks | Source: tradingview
During the 24-hour cycle, cryptocurrency hit a maximum of $ 30, with a market capitalization of $ 1.8 billion, but soon collapsed to $ 25, where its market capitalization was recorded at $ 1.5 billion. Therefore, LTC saw a total wipeout of at least $ 300 million in its market capitalization during the day.
Subscribe to the AMBCrypto newsletter
