RATE Group | Bitcoin price CRASH: Nearly $13billion WIPED OFF cryptocurrencies – What is causing CRAS…
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Bitcoin price CRASH: Nearly $13billion WIPED OFF cryptocurrencies – What is causing CRAS…

11 Oct Bitcoin price CRASH: Nearly $13billion WIPED OFF cryptocurrencies – What is causing CRAS…

Posted at 09:53h in Bitcoin News by

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Cryptocurrencies bitcoin (BTC), ethereum (ETH) and Ripple’s XRP all plunged on the crypto markets today (Thursday, October 11).

Bitcoin’s price plunged by around £303 ($400) in a matter of 30 minutes earlier this morning, according to CoinDesk.

BTC traded for £4,932.14 ($6,507) at 1.53am BST (12.53am UTC) before plummeting down to £4,645.05 ($6,128.24) by 2.26am BST (1.26am UTC).

Bitcoin is now trading at £4,723.21 ($6,231.35) at 9.41am BST (8.41am UTC) on CoinDesk, marking a 4.88 percent drop in price.

Bigger losses were sustained by the crypto’s market capitalisation – the digital token’s overall market value.

According to crypto trackers at CoinMarketCap, all of the top 10 cryptocurrencies took a hit during the past 24 hours.

Bitcoin’s market cap crashed alongside the token’s price from a market cap of £85billion ($113billion) at 2.09am BST (1.09am UTC) to £81billion ($108billion) just six hours later.

As a result of the sudden plunge in value, the entire crypto…

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