All Top 20 Altcoins Fall By At Least 30%, Ripple Down to $6.2 Billion

Bitcoin, which experienced a 20 percent price drop from $2,500 to $1,900, actually had a relatively decent day.

All top 20 alternative cryptocurrencies (altcoins) declined by at least 30 percent on March 27, with some cryptocurrencies demonstrating a sharp decline in price by around 40 percent.

Ripple experienced a massive short-term decline in market cap, after seeing a staggering $10 billion decrease within a week. In a seven-day period, Ripple’s market cap plunged from $17 billion to $6.2 billion. On May 27, Ripple also experienced a nearly 50 percent drop in price, triggering concerns from investors in Japan and South Korea, where the majority of Ripple’s trading volume is concentrated in.

Other prominent blockchain networks and cryptocurrencies such as Eth, Ltc, Eth Classic & NEM have also seen a sharp drop in market cap, as the entire cryptocurrency market crashed overnight.