Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    UniCredit Sets to Offer BlackRock Bitcoin ETF Product

    DDC Enterprise Secures $528M for Bitcoin Strategy

    DDC Enterprise Secures $528M for Bitcoin Strategy

    Germany’s Sparkassen to Launch Bitcoin, Ether Trading by 2026

    Bitcoin Recovery to $107K May Be Temporary

    Bitcoin Analysts Warn of Potential Bear Trap Scenario

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Circle Applies for National Digital Currency Bank Charter

    Circle Seeks National Trust Bank Charter for USDC

    Former Standard Chartered Exec Introduces New Blockchain for Finance Apps

    Robinhood Executes Tokenized OpenAI Share Transfer via Arbitrum

    Robinhood Successfully Transfers OpenAI Shares via Arbitrum

    Robinhood Transfers OpenAI Shares via Arbitrum

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Ripple (XRP), Bitcoin and Ethereum Plunges in Value: What Caused the sudden decline?

Solomon M. by Solomon M.
October 11, 2018
in Altcoin News, Bitcoin News, Ripple

Nearly all major cryptocurrencies and tokens such as Ripple (XRP), Bitcoin Cash (BCH) and Ethereum (ETH) suffered losses of between 5 and 10 percent.

The Bitcoin price dropped from $6,750 to $6,250 in just a few minutes. The largest cryptocurrency by market cap saw its price declining by 5%. The sudden drop in the bitcoin price surprises the cryptocurrency market, as Bitcoin has relatively well defended the $6,500 support level over the last two weeks and the signs of a future bear market are gradually declining.

What caused the sudden price decline?

Last week, Bitcoin showed a low daily trading volume on most major crypto exchanges. Daily trading volume has fallen to $3.2 billion, the lowest level of the year.

The decline in volume prompted traders to express concerns about short-term price movements. As a result, many investors held back as most people are not sure which direction the market will break. This circumstance favored sellers and bears as there was virtually “little” trading activity in the cryptocurrency market.

Traders expect a downturn

In general, traders are expecting a big downturn in the crypto currency market before the price will start a large medium-term rally. Historically, after months of stability in a low price range, Bitcoin has tended to rise 10 to 30 times

The lack of volume, the lack of trading activity on the market and the inability of the Bitcoin to break the $ 6,800 resistance level after several attempts have contributed to a sharp decline in value.

Crucially, Bitcoin’s stability has been in the $6,000- $6,700 range for more than two months since 9 August. If Bitcoin successfully defends the support level of $6,000 and can stay above the $6,300 mark for the next 12 to 24 hours, Bitcoin (BTC) is unlikely to experience another sharp decline.

The price of Ripple (XRP) has been falling over the last three weeks, despite the increased mainstream adoption of the coin.

Tags: BitcoinCryptoEthereumRippleXRP
Previous Post

A South Korean Law Breaking Crypto Trading Platform has been Sued

Next Post

What are Bitcoin Mining Pools? How Do BTC Mining Pools Work?

Solomon M.

Solomon M.

Related Posts

UniCredit Sets to Offer BlackRock Bitcoin ETF Product

by Solomon M.
July 1, 2025

UniCredit to offer select clients a product linked to BlackRock’s Bitcoin ETF, not a direct investment.

DDC Enterprise Secures $528M for Bitcoin Strategy

by Solomon M.
July 1, 2025

DDC Enterprise has raised $528M to enhance its Bitcoin treasury, signaling a strategic shift toward cryptocurrency.

DDC Enterprise Secures $528M for Bitcoin Strategy

by Joshua T.
July 1, 2025

DDC Enterprise announces $528M strategy for Bitcoin treasury, with global investor backing.

Circle Applies for National Digital Currency Bank Charter

by Solomon M.
July 1, 2025

Circle seeks a national bank charter to advance USDC, aligning with U.S. regulations.

Circle Seeks National Trust Bank Charter for USDC

by Solomon M.
July 1, 2025

Circle applies for a U.S. national trust bank charter to enhance USDC infrastructure and regulatory alignment.

Germany’s Sparkassen to Launch Bitcoin, Ether Trading by 2026

by Solomon M.
July 1, 2025

German bank Sparkassen plans to integrate Bitcoin, Ether trading into apps by 2026, responding to regulatory changes and client demand.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.