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.