Bitcoin drops below $10K after three days of cryptocurrency correction

The blade incident, which began two days ago yesterday and today, has accelerated, mainly the best 100 coins anywhere between 15 and 30 per cent. The total market value of all encoded currencies is about $ 450 billion, 30% less than $ 650 billion just 48 hours ago.

Yesterday, Bitcoin was just a few dollars down to less than $ 10,000, but recovered about $ 11K, down 15% from two days ago. But Bitcoin now trades below $ 10,000 on most major stock exchanges at this time.

In the last 24 hours, the 21.5 percent dropped to about $ 850, the ripple fell 26.3 percent to $ 1.03, and so on. Unlike some incidents where we see the influx of value from cryptocracy to another, this sale went to traders who went to Fiat.

Interestingly, the cord is the only token in the top 50 that has not decreased in the last seven days, because the price usually rises slightly above $ 1 when there is a demand for "cash in" on the stabilized symbol.

In general, there is no real rhyme or reason for this huge sale. Two days ago, we reported rumors that some Asian countries were moving to regulate the trade of cryptocruncey and the mining industry, but there was still no concrete news on this front.

Regardless of the reasons, some in the cryptocrunceies community are happy that the market is experiencing at least some degree of correction, because it keeps the facts in check, generally better for the long term prospects of the industry.