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After the carnage that destroyed the markets with Bitcoin falling to significantly low figures this week, the first three tokens in terms of market capitalization saw a reshuffle.
Bitcoin remains the number one cryptocurrency, however, fell below $ 5,400 USD, a figure that this year has been unprecedented. The token has remained relatively stable in recent months, fluctuating between $ 6200 USD and $ 6300 USD, but has dropped to around $ 5600 USD. At the time of writing, Bitcoin is selling for $ 5,622.11 USD with a market capitalization of $ 97.7 billion USD.
While other tokens are seeing blinding red, Ripple is going in the opposite direction. Ripping the second position, Ripple beat Ethereum in third place and is growing day by day by 3.73%. As seen below, Ripple's XRP is producing a market capitalization of $ 19 billion USD, while Ethereum has a market capitalization of $ 18.5 billion USD. It is not the first time that Ripple jumps into position. In September of this year, the two cryptocurrencies contended for the second position.
The market crash and higher sales have been attributed by several figures to the challenge that Bitcoin Cash is going through. Meltem Demirors of Coinshares, for example, said that "[any] time there are difficult forks things tend to bargain strange and strange, therefore [she thinks] people are trying to risk from the table ".
As reported yesterday, a very plausible reason for the collapse of Bitcoin is the confusion and fear, uncertainty and doubt (FUD) surrounding the controversial split of Bitcoin Cash, which is driving the price and leaving the market bustling .
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