$50 Billion Crash—What Next For Bitcoin, Ethereum, Ripple’s XRP, Litecoin And Chainlink? – Forbes
Bitcoin, ethereum, Ripple’s XRP, bitcoin cash, litecoin and chainlink—the biggest cryptocurrencies by market value—have fallen sharply after rocketing higher through November.
The bitcoin price lost $3,000 in a matter of hours yesterday, dropping over 10% from near its all-time highs of almost $20,000 per bitcoin—while ethereum, Ripple’s XRP, chainlink, bitcoin cash and litecoin all saw similar retractions.
The sudden sell-off wiped around $50 billion from the value of the world’s combined cryptocurrencies and has left bitcoin and crypto traders fearful a further drop could be on its way.
The bitcoin price lost over 10% in less than 24 hours after bitcoin, ethereum, Ripple’s XRP, … [+]