RATE Group | Cryptocurrencies plunge on Sudden selling pressure
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Cryptocurrencies plunge on Sudden selling pressure

Cryptocurrencies plunge on Sudden selling pressure

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Sunday early morning, a $100 million worth sale order flooded the markets and drove the major cryptocurrencies over 5 percent. Ethereum (-5.3%), Ripple (-5.66$), Litecoin (-6.86%), and Tron (-7.14%) were de worst performers, although Bitcoin (4.46%) is not much ahead. In the Ethereum token sector, falls were generalized, as well., with LINK (-6.14%), SNX(-6.26%), and REP(-7.25%) leading the drops among the top capitalized tokens.

24H Crypto Heat Map

Overall, in the last 254 hours, the market capitalization of the crypto sector dropped by 3.24% to $237.541 billion. That happened on a $45.49 billion of traded volume. Besides that, Bitcoin dominance is kept at 66.35%.

 

Hot News

South Korea is planning a 20% tax on crypto gains. According to the news outlet The Block, South Korea’s Ministry of Economy and Finance has asked his department of income tax to devise a taxation plan for this kind of assets. According to the South Korean news website Pulse, The office of income tax…

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