- BTC/USD lost a little over $3,000 in 24 hours.
- Multiple factors combined to make the crypto market go on a downward plunge.
This Thursday has turned out to be a historically bearish day for the crypto market. Three factors combined to make the market go on a downward spiral:
- The Coinbase outage.
- The $4.5 million hack of Singapore-based Bitrue.
- One of India’s biggest exchange, Koinex, shutting down triggering massive sell-offs.
Let’s take a closer look at how the top three did and then reveal the biggest winners and losers of the day, among the top 20 coins.
Top three coins
- Bitcoin (BTC): BTC/USD lost nearly $3,000 in 24 hours and is currently trading for $10,940. Despite the losses, BTC/USD is still going to end up with a profitable month.
- Ethereum (ETH): After reaching a high of $342, ETH/USD bears stepped in and brought the market down to $297, breaking past the $300 support line in the process.
- Ripple (XRP): XRP/USD has gone down from $0.461 to $0.408 this Thursday. This is the third consecutive bearish day in a row.
Biggest winners and losers (top 20 coins)
- Ethereum Classic (ETC) went down by 15.8% and is priced at $7.62.
- Bitcoin (BTC) has gone down by 14.53% and is priced at $10,828.
- Cosmos (ATOM) has gone down by 13.57% and is priced at $5.50.
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