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Bitcoin, Ethereum Register Drop As Crypto Markets Collapse

Bitcoin Price
Bitcoin price (Source: theblockcrypto )

Soon after surpassing the $12k mark, top running cryptocurrencies Bitcoin and Ethereum have registered a plunge in their growth rate.

Bitcoin dropped by over three percent to be now priced at $11,862 while Ethereum which has raked up a price over 3.50% has now plunged to $415.28.

Meanwhile, XRP has also registered a similar falls as it has dropped by over six percent to be placed at $0.295. Interestingly, all the top three cryptocurrencies have registered a drop in their growth rate.

Tether is the only cryptocurrency which has shown hint of stability with 0.03% growth to be priced at $1.00. While Chainlink which had seen a growth in the recent weeks has also seen a drop by over six per cent rate,

Meanwhile, Bitcoin Cash, Litecoin, Bitcoin SV, Cardano and Bitcoin SV have all dropped.

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.