RATE Group | What Is Behind The Recent Plunge & How Bad Can It Get?
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What Is Behind The Recent Plunge & How Bad Can It Get?

20 Nov What Is Behind The Recent Plunge & How Bad Can It Get?

Posted at 13:39h in Bitcoin News by

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The crypto king is being hit hard and it is under tremendous selling pressure. Today marks the eighth consecutive day of sell off for Bitcoin. It is down nearly 78 percent from its all-time peak of nearly $20K (depending on which exchange you look at).

PARIS, FRANCE – NOVEMBER 19: In this photo illustration, a visual representation of the Bitcoin Digital Cryptocurrency is displayed on November 19, 2018, in Paris, France. Bitcoin is an electronic money that has seen an incredible increase in 2017, its price has risen up to 20,000 euros, but currently, its price has dropped around 5,000 euros. (Photo Illustration by Chesnot/Getty Images) photo credit: Getty ImagesGetty

Year-to-date, the price is down nearly 69.26%. At the time of writing, the price is trading at $4,391. All other major cryptocurrencies are feeling the burnt. Ethereum, the second biggest cryptocurrency, has touched $121, a level not seen since May 2017. XRP, a token associated with Ripple,…

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