Prices of Top 20 Cryptocurrencies in January 2018

Prices of Top 20 Cryptocurrencies in January 2018

Bitcoin and Ethereum have suffered massive losses, but many cryptocurrencies are getting worse

The drops of Bitcoin, Ethereum and Litecoin were not as bad as the rest of the market Bitcoin was 14.35 percent on the last day – at 11:60 – at 08:47. HK / SIN in Coinbase.

The largest cryptocurrency was as low as $ 9,969 in the early morning: a 28% decline, according to Mr. Coinbase.

Many cryptocurrencies with large market frontiers have substantially halved their prices at the end of the day

Bitcoin breaks below $ 10K

Most major digital currencies were heavily sold on Tuesday, but the price decline for Bitcoin, Ethereum and Litecoin was not as bad as the rest of the market.

The top 20 digital currencies in terms of market value have suffered double-digit losses over the past 24 hours, according to the CoinMarketCap industry website.

For example, the shockwave dropped 26%, bitcoin money 24%, jota 27% and monero 22% 8:51. HK / SIN.

In fact, many cryptocurrencies with large market limits to the bottom have substantially halved their prices.

On the other hand, Bitcoin dropped 17% at that time, Ethereal dropped 19 percent and Litecoin dropped 19 percent, according to the same website.

The falls followed speculation in the marketplace about what supervisors in Asia could plan for digital chips.

On Monday, a Bloomberg report, citing unnamed sources, said that Beijing plans to block access to Chinese and offshore cryptocurrency platforms that enable centralized trading.

Last week, South Korean Justice Minister Sang-ki said his ministry is preparing a bill that, if passed, could ban trade in cryptocurrency trading. His comments irritated the market, and as a result, the Department of Justice and other parts of the South Korean government mitigated their position.

On Tuesday, Reuters also said that one of China’s leading central bankers said the authorities should ban centralized virtual currency trading, as well as individuals and companies offering related services.

“The total market capitalization of cryptocurrencies has undergone a massive sell-off in cryptography by the vice-governor of People’s Bank of China,” said Fernando Martínez, vice president of digital asset and digital asset company to CNBC. from Hong Kong, Octagon. strategy

This, according to Martinez, added that South Korea’s “additional negative sentiment suggests that stricter crypto control is still possible.”

Bitcoin was 14.35 percent on the last day – in Coinbase.

Coinbase is the main US market. To negotiate with Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

By late Tuesday afternoon, Bitcoin in Coinbase fell just short of $ 10,000 after reaching the psychologically key level by the end of November. In December, the cryptocurrency rose by $ 19,800. Nevertheless, according to Coinbase Bitcoin remains more than 1,100% higher in the last 12 months.

Conclusion:

If you have enough money that you can spend without any worries of time it takes to become profitable. This can be the best time to buy any of top 20 coins.

If you are someone who is taking out savings from his bank, I would suggest to hold on for few months. Crypto Currency market isn’t going anywhere. This hype needs to settle down before becoming stable.

1 or 2 months won’t hurt but your money would be a lot safer.

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