Just like the leaves on the trees, the cryptomarkt also turns deep red today. In the top ten, Litecoin in particular makes a big slider (-6.34%). Let’s go for a spin around the courses. How bad is the damage on a daily level?
Bitcoin (BTC) under $ 8,000 (-4.12%)
For a long time, bitcoin defended the 8,000 dollars (around 7,250 euros). The rate even seemed fairly stable since Tuesday evening 15 October. However, this afternoon around half past one, bitcoin fell through the lower limit.
There is plenty of speculation about the cause of the fall. According to some, AngeloBTC’s tweets have a significant impact on the market. Many investors value AngeloBTC’s opinion. This Twitter person is a successful trader on BitMex, with a profit of more than thirty million dollars on trades in bitcoin.
Yesterday AngeloBTC tweeted that he waited patiently for 6K ($ 6,000):
Patiently waiting for $ 6k $ BTC levels where I want to add to long-term holdings.
Good luck homies.
– Angelo ฿ TC (@AngeloBTC) October 15, 2019
Whether it will come that far is of course the question, but the timing with today’s decline is striking.
Ethereum (ETH) below 160 euros (-5.48%)
Bitcoin also brought other crypto coins with it. Below you can see the ether graph. For a long time ether managed to retain the value of 160 euros, but at the moment Ethereum is around 157 euros.
Litecoin (LTC) is today’s loser (-6.34%)
Ai ai, on Sunday, litecoin turned eight. Now the party is over, the crypto coin of Charlie Lee made the biggest taste down. With a decrease of more than six percent, litecoin is now worth less than fifty euros.
Bitcoin cash (BCH) below 200 euros (-3.82%)
For a moment, bitcoin cash didn’t seem to care about the falling market. Unlike other crypto coins, the value of bitcoin cash even increased slightly around half past one. Half an hour later, bitcoin cash fell below the 200 euro limit.
Ripple (XRP) a lot more volatile (-4.02%)
XRP can now be an attractive option for traders. The digital coin makes much larger movements than the other coins in the top five. Nevertheless, the day for XRP also ends in a minor, with a drop of more than four percent.
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