Wednesday, Aug. 28 - Top cryptocurrencies Bitcoin, Ether and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board.
The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease on the day.
BTC, ETH and XRP all sharply dropped in price from 5:45 p.m. to 6:20 p.m. UTC today - just over 35 minutes' time.
Bitcoin dropped by approximately 6% in this period, falling from over $10,265 to $9,630.
At press time, the top altcoin Ether is trading over $173 and is down by 6.73% on the day.
ETH fell by over 9.6% in today's price crash, from over $186 to under $168. Just yesterday, the blockchain-based browser Brave announced that it is developing a crypto wallet that will support ETH, Ethereum-based tokens and collectibles, as well as decentralized applications or DApps.
XRP, the second-largest altcoin by market cap, is trading at $0.254 and has decreased by 5.27% on the day as of publishing time.
As previously reported by Cointelegraph, an Australian woman has pled guilty to stealing $450,000 in XRP in 2018.
She will receive a special hearing in October for factual disputes and sentencing, which potentially involves jail time.
The top 20 cryptocurrencies are slumping at press time.
Bitcoin Price Struggles to Recover After Slump Earlier Today
gepubliceerd op Aug 29, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.