RATE Group | Bitcoin, Ethereum and Ripple bulls attempt to breathe above water
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Bitcoin, Ethereum and Ripple bulls attempt to breathe above water

13 Mar Bitcoin, Ethereum and Ripple bulls attempt to breathe above water

Posted at 09:40h in Cryptocurrency News by

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  • Bitcoin price recovers 10% on the day after testing lows under $4,000.
  • Ethereum dips under $100 but bulls take charge blasting it towards $120.
  • Ripple price has traded a low of $0.1129 but an ongoing bullish reversal is seeing it climb the levels towards $0.1500.

The bloodbath in the cryptocurrency market is unlike any other drop seen in the history of the digital assets. The freefall may have been triggered by the Coronavirus, however, panic must have gripped the market with investors preferring to keep their money in other traditional assets or fiat. In the meantime, all we can report is the support shattering moves and the colossal value lost in less than 24 hours.

In the last two days, the total market capitalization has seen $118 billion wiped off. Besides, a $220 billion total crypto market share was posted on Thursday in comparison to the $118 billion at the time of writing. The selloff has, however, resulted in a surge in the trading volume from $131…

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