RATE Group | Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780
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Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780

10 May Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780

Posted at 06:15h in Cryptocurrency News by

  • Bitcoin leads the cryptocurrency market in losses less than two days to its 2020 halving.
  • BTC/USD quickly bounces off intraday low at $8,105; displaying strength from the buyers.
  • The cryptocurrency market is in the red led by major cryptoassets; Bitcoin, Ethereum and Ripple.

The cryptocurrency market has been painted with one big bearish flag led by the major cryptocurrencies. Bitcoin price plunged from highs close to $10,000 on Saturday to intraday lows at $8,105. Ethereum could not hold above $200 due to its correlation with Bitcoin price. Ether touched lows at $180 but is now trading 11.21% lower at $186. The third-largest cryptocurrency has not been spared as it has spiraled to $0.1780 (intraday low) from Saturday levels above $0.22.

Cryptos dump in double-digits just before Bitcoin halving

The selloff in the market is taking place less than two days the 2020 block reward halving. The drop was not expected many traders must have been caught off guard. For…

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