Crypto Markets Continue Experiencing Slump, BTC Dips Below $10,000

Crypto Markets Continue Experiencing Slump, BTC Dips Below $10,000
The crypto market is in the red again today, with Bitcoin dipping below $10,000 at one point, and Ethereum moving closer to $800.

Crypto markets have continued their slump, with Bitcoin (BTC) briefly dipping below $10,000 today, Feb. 22, and altcoin Ethereum (ETH) edging closer to $800, according to data from CoinMarketCap.

Total market cap is down as well, around $430 bln by press time, down from last week when it broke $500 bln.

Bitcoin is currently trading a little over $10,000, down almost 7 percent over a 24-hour period by press time. Cointelegraph reported Wednesday that Bitcoins tolerance had seen a monthly high of 34.9 percent, a high barely broken today with CoinMarketCap data showing a 39.5 percent BTC dominance.


Ethereum is down 4 percent over a 24-hour period, trading around $810 by press time.


Altcoin Ripple (XRP) has seen a large dip this week as well. After Saturday, Feb. 21s, high of $1.21, Ripple is currently trading at around $0.93, down almost 10 percent over a 24-hour period by press time.


After the Feb. 20 launch of Venezuelas oil-backed government cryptocurrency, the Petro, Twitter user dark pill pointed out that the unrelated and abandoned cryptocurrency PetroDollar (XPD) briefly saw a price rise on CoinMarketCap potentially due to a similarity in name.

[media=https://twitter.com/DanDarkPill/status/966502993054109696?ref_src=twsrc%5Etfw]

XPD is now down by a little more than 34 percent over a 24-hour period by press time, trading for around $0.03.


05.03.2018 / 09:15 29
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