Community post
CRYPTO TAKES A DIVE?!?
On June 23rd, digital currency took a thrashing as the likes of Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS lost $13 billion dollars. Since then, Bitcoin, Ethereum, and Ripple have slightly recovered from their recorded 5% loss.
Both BTC and the cryptocurrency market will need to demonstrate stability for several months and undergo an accumulation period before recovering back to the 20,000 mark.
It is likely that for 2018, BTC will fall below the $6,000 mark as they were earlier yesterday.
What does this mean for small crytptocurrencys and tokens? If BTC falls to the lower end of $5,000, it is highly likely that tokens will experience intensified movements on the downside.
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Coins mentioned in post:
Coin | | Price (USD) | 📉 24h | 📉 7d
BTC | Bitcoin | 6163.710$ | 0.72% | -5.17%
EOS | EOS | 8.027$ | -3.1% | -22.77%
ETH | Ethereum | 455.850$ | -3.0% | -8.67%
XRP | Ripple | 0.477$ | -2.12% | -9.39%