Bitcoin (Courtesy: Independent.Co.Uk)
Bitcoin News

Bitcoin, Ethereum Record Massive Drop

Bitcoin (Courtesy: Independent.Co.Uk)
Bitcoin (Courtesy: Independent.Co.Uk)

After a period of turbulence, which saw Bitcoin resist from reaching the 12k mark, the price has now taken a dip by 4.45% as it now stands at $11,313. Similarly, Ethereum has also plunged by over 5 per cent as it is now priced at $371.28.

The drop in the prices of cryptocurrencies is significant as it comes after Bitcoin and Ethereum held their ground for a long period of time. The two top cryptocurrencies also helped the investors earn major profit with their growth rate in the recent times.

Among the top coins XRP saw a massive fall as it dropped by over 8 per cent to record its price at $12,440 while Tether dropped marginally to be rated at $9,987.

Bitcoin Cash has also registered a massive drop by over eight percent. Meanwhile, it comes as a massive setback for Chainlink, which had registered a massive hike as it has now dropped by three per cent to be priced at $12.81.

Meanwhile, Bitcoin SV, Litecoin, Cardano and Binance Coin have all plunged to record a massive fall over the last 24 hours.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.