Cryptos Hit Six Month Low as Bears Pummel the Markets
Markets are crashing, altcoins getting hit hardest are EOS, Iota, Ethereum Fundamental, and Ontology
The marketing pressure has gained momentum over the earlier 24 hours and markets have slid to their lowest ranges this yr. Full market capitalization has dropped to solely over $250 billion which marks the third large dip of 2018. Bitcoin has been hammered dropping 7.eight% on the day falling once more to $6,150 marking its lowest diploma this yr and a value range not seen since October 2017.
Ethereum has fared even worse dropping eight.7% to solely over $470. This locations Ether once more at a November 2017 value diploma although it did drop extra on April 1, falling below $400 for the first time in 5 months. Naturally the altcoins have all been battered with many falling by double figures. Ripple’s XRP has dropped below $zero.50 equaling the closing low in April and matching prices once more in mid-December. Bitcoin Cash has misplaced over 10% on the day falling once more to $765, its lowest diploma since…