Crypto Plunge Continues On Heavy Trading Volume

Investing, News | December 7, 2018 By:

The crypto markets continued to struggle today, with red arrows the main rule in the top ten coins. In early trading, bitcoin was at the $3,400 level, down more than seven percent over the last 24 hours. Volume was again extremely heavy.

The news wasn’t much better elsewhere. Ether was down more than 10 percent, now at $88, while XRP was also suffering, also down more than seven percent to 0.37.

Bitcoin Cash, whose hard fork started the current meltdown, was down more then eight percent and has temporarily moved back in market cap. Its successor in the fourth position, Stellar Lumens, was at $0.11, down more than 10 percent.

The only good news in the morning was Tether back at $1.00, while Bitcoin SV, the second offshoot of Bitcoin Cash’s fork, up more than three percent as it continues to battle for market dominance.