- EOS, Litecoin (LTC), Stellar Lumens (XLM), and Binance Coin Test New 6-Month Lows
- XRP Is the Biggest Loser among the Top Ten
Cryptocurrency News Today – almost all the top twenty altcoins in the market are deep in the red. The only digital currency that is in the green among the top 25 at the time of writing is IOTA (MIOTA). Nearly all top ten altcoins by market cap have hit their 6-month lows. These massive losses came after the world’s largest digital currency by market cap – Bitcoin (BTC) – plunged rapidly. Bitcoin (BTC) dragged the rest of the coins in the market along with it.
EOS, Litecoin (LTC), Stellar Lumens (XLM), and Binance Coin Test New 6-Month Lows
EOS (EOS), Litecoin (LTC), Stellar Lumens (XLM), and Binance Coin (BNB) recently plunged to their lowest level in more than 6 months. This happened immediately after the major sell-off of Bitcoin (BTC) forced traders to leave the market in quick succession. During the last altcoin rally, Stellar Lumens (XLM) was the highest gainer among the top 20 coins in the market.
The price of Stellar Lumens surged by more than 40 percent in two days. This massive upsurge also helped the coin to reclaim its position among the top 10 cryptos. However, the digital currency has been correcting since then. The downward plunge became worse when Bitcoin plunged to the $8k range.
XRP (XRP) Price Today – XRP / USD
XRP Is the Biggest Loser among the Top Ten
Ripple’s XRP stands as the outlier this week, after plunging to a 658-day low of 22 cents on September 24. This heavy downtrend makes XRP the highest loser among the top altcoins in the market. XRP also bears the biggest single-day loss among the top ten digital currencies in the market. XRP leads the rest of the top altcoins by a large margin after testing its lowest level in almost two years.
The digital currencies that suffered the least over the past week are Ethereum (ETH), Bitcoin SV (BSV), and Bitcoin Cash (BCH). These digital currencies only hit their 4-month lows. Even at that, this event marks an era where the basic trend for all digital currencies has been thrown into contention after the majority passed below their respective 200-day moving average in July.
Bitcoin (BTC) Price Today – BTC / USD
The valuation of entire digital currency has dropped enormously. Since September 24, a total of $16 billion has left the market cap of the entire altcoin market. Many traders and investors are now waiting for the bulls to begin. Bitcoin (BTC), on the other hand, is still heading south. The digital currency is now trading a few dollars away from the $8k level. BTC to USD might break below the $8k range soon.