Bitcoin's slide triggered a selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 percent on the day at one point, according to trade website Coinmarketcap, and the next-biggest, Ripple, plunging by as much as a third.
Bitcoin traded as low as $11,191.59 on the Luxembourg-based Bitstamp exchange. By 1400 GMT it has edged up to $11,650, but that was still down more than 14 percent, leaving it on track for its biggest one-day fall since September.
Jamie Burke, chief executive of Outlier Ventures, a venture capital firm that is one of the biggest holders of top-10 cryptocurrency IOTA, said the belief the market was overdue a correction was making traders jittery and that was exacerbating the scale of the moves.
source :http://mobile.reuters.com/article/amp/idUSKBN1F50UV
You Are Awesome and share informative posts about crypto thanks and appriciate for your har work
informative post about crypto thanks for sharing
This post has received gratitude of 0.63 % from @appreciator thanks to: @amitraj.