Bitcoin, Ethereum Record Massive Drop

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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.