Red Friday: $15 Billion Slide Dumps Crypto Markets to New 16 Month Low

FOMO Moments

Crypto markets plunging perilously low; Bitcoin Cash and EOS collapsing, Bitcoin SV climbing the chart.

The slow selloff that has been happening all week has accelerated today as crypto markets crash to their lowest levels of 2018. Over 12% has been dumped resulting in a $15 billion plunge to below $110 billion market capitalization, a new low for the year.

Bitcoin bit the bullet a few hours ago when it plunged below previous support levels at $3,700. The 10% dive took BTC from over $3,800 down to $3,400, its lowest level for 15 months. Many had already predicted this and further losses down to around $3,000. This now looks to be inevitable as the world’s top crypto falls below $60 billion market cap.

Ethereum has been absolutely smashed, plunging 16% down to $85, its lowest level since April 2017. There seems to be no way back for ETH at the moment as it gets hit harder than its brethren.

The top ten is a sea of red with every altcoin but one losing double digits….

Read Full Story : NewsBTC

2018-12-07 09:00:06

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