Crypto Market Overview: Wednesday turns out to be a horror show
|- Ripple XRP suffered the most among the top three coins.
- Tezos XTZ turned out to be the biggest loser among the top 20.
Wednesday turned out to be a nightmare for the crypto market. Major assets lost a considerable chunk of their value. Among the top three coins, Ripple XRP suffered the most significant loss while Bitcoin bulls had to retreat from the $5,500-level.
Top three coins price overview
- Bitcoin: BTC/USD went down from $5,528 to $5,436. After retreating from the $5,500-level, the market is trying to stay above the $5,400 level.
- Ethereum: ETH/USD bears took the price from $170 to $164.40. Ethereum experienced two consecutive bearish days in a row.
- Ripple: XRP/USD crashed down from $0.321 to $0.301, charting a 6.2% decline in prices.
Biggest movers and losers (top 20 coins)
- Tezos XTZ/USD went down from $1.47 to $1.25 crashing by 15%, making it the biggest loser among the top 20 coins.
- EOS/USD went down from $5.16 to $4.78, charting a 7.4% loss in value.
- ETC/USD crashed from $5.95 to $5.58, making it one of the biggest losers of the day with a 6.2% loss.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.