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

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  • Alex Dovbnya
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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.

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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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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 an extensive experience of covering everything related to the burgeoning industry — 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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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — 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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