Cryptocurrencies Suffers
Ethereum Price Down 8%,
Ripple Falls by 12%,
Bitcoin Loses 6%
steem price below 1$
Within the past 24 hours, the price of Ether, the native cryptocurrency of Ethereum, fell from $340 to $299, while the price of Bitcoin fell from $5,550 to $5,380. Nearly all cryptocurrencies in the market including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, and NEM recorded losses of over 5 percent, with Ripple recording the largest decline in value at 12.56 percent.
Other Cryptocurrencies !!
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Big traders have been active... There are a lot of ICOs going on right now so traders need to cash profits so they can ride on the initial pump of the new coins.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
This is a wonderful opportunity to BUY! 24 hours is just a snapshot of the market. You have to consider the long term direction of these cryptos. If it falls 12%, it could rise 15% just as fast.
Embrace the volatility, and ride the wave!