Bitcoin, Ripple (XRP) and Litecoin at year’s low
August 10, 2018 10:05 am,
Out of 10 cryptocurrencies, 9 are deteriorated suddenly on 8th August, Wednesday following it to on 9th August Thursday losing as much as 15% from the level within 24-hours-ago. Bitcoin dropped below the mark of $6,500 in the period, a cue followed by other major cryptocurrency coins. Bitcoin was down 4.86% over a 24-hour period after it dropped from its $7,000 support zone on 7th August that is on Tuesday.
Most valued cryptocurrency in the world broke the $7,000 barrier on Monday for the first time in last seven days and went on a roller coaster ride for the next two days. The cryptocurrency coin broke the barrier on Tuesday at 0100 UTC and never looked back.
At a local newspaper press meeting time, Bitcoin was exchanging hands at $6,384. The market cap of the cryptocurrency has also fallen down to $109 billion, according to the local newspaper.
After a very long gap, bitcoin had touched $8,000 in July 2018. However, all the hopes of its rise like in the year 2015 were dashed as it has fallen in the subsequent night. On 8th August that is on Wednesday, other coins such as Ethereum has fallen down by -10%, Ripple (XRP) has fallen down by -14%, bitcoin cash has fallen down by -13% and EOS has fallen down by -15% and few other cryptocurrencies was trading in red at the time when this report was made. Except for Ripple (XRP), all of them continued their slide on 9th August that is on Thursday at press time.
The data from the local newspaper shows that the Ripple XRP cryptocurrency dropped to $0.35 that is seven cents from the previous yearly low of $0.42 in July. Hence, the current price stands at its lowest level since December 12, 2017, days before Ripple (XRP) shot up to its all-time high over $3 amid a bull run on the crypto market.
Ripple (XRP) and Litecoin have touched their year low in the process. Litecoin was trading at $64, much below its year high of $235, according to the local newspaper. Similarly, Ripple (XRP) was exchanging hands at $0.35, one-tenth of its year high achieved in January.