The total Market Cap is bleeding as $80 Billion were evaporated due to Cryptocurrencies huge plunge!
Bitcoin plunged by $3,000 on Thursday, while the rest altcoins had no better luck, dropping a huge part of their current value.
The King of Coins did not succeed on maintaining the price above the psychological level of $18,000 and plummeted below $17,000 leading the total Crypto Market Cap all the way down. As a result, almost $80 Billion were vanished in just a few hours.
Analysts were not even impressed from this drop as most of them are big supporters of the well-known phrase “What goes up, must come down”! However, this was a big surprise for the rest “Cryptocurrency” family as most of the altcoins (Ethereum, Ripple) were performing more than good, making some remarkable upward moves, especially Ripple coin (XRP) that doubled its price.
There is a good likelihood that we might see another Bitcoin drop soon, analysts state. After all, everybody should remember Bitcoin’s drop back in January 2017, which lead to a huge Bullish rally 2 months later.
Reminder: Never bet against Bitcoin!
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