Altcoin Rout: Ethereum, XRP, Litecoin, EOS Are Down More Than 10 Percent

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    The cryptocurrency market turns bloody with Ethereum, XRP, Litecoin, and other top cryptocurrencies recording double-digit losses

Altcoin Rout: Ethereum, XRP, Litecoin, EOS Are Down More Than 10 Percent
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

It might have been an incredibly bad day for Bitcoin, the biggest cryptocurrency, but most of the top altcoins took an even biggest hit. According to CoinStats data, Ethereum (ETH), XRP (XRP), Litecoin (LTC), and EOS (EOS) are all down by more than 10 percent. 

Top altcoins
image by coinstats.app

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Cosmos and Matic save the day

At the time of writing Cosmos (ATOM) is a lone green spot in this crypto market bloodshed. The token managed to stay above the fray with a tiny 0.68 percent increase over the last 24 hours. Prominent trader "Crypto Dog" says that ATOM could bounce hard once Bitcoin calms down. The top cryptocurrency is inching closer to its titanium support that persisted throughout the 2018 bear market. 

Matic (MATIC), which made headlines because of its amazing returns earlier this year, is up by more than eight percent over the last 24 hours, the third best-performing coin inside the top 100 after Fusion (FSN) and Streamr DATAcoin (DATA). 

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Tezos (XTZ) Price Surges Six Percent Amidst Crypto Market Bloodshed - READ MORE

Top altcoin losers

Maker (MRK) has seen 20.25 percent of its value trimmed, becoming the today's top loser. Speaking of other coins that are struggling big time, Zcash (ZEC) definitely deserves a mention. With its price plunging to just $25.88, one of the top privacy coins has recently reached its new all-time low.

Meanwhile, XRP is currently trading at its lowest level since November 2017.  

 
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry β€” from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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