$18 Billion Wiped Out as Cryptocurrency Market in the world Takes Another Beating
On june 23
The cryptocurrency market demonstrated another minor short term correction, as $13 billion were wiped out of major digital assets such as Bitcoin, Ethereum, Ripple, Bitcoin Cash and EOS.
EOS recorded the largest loss against the US dollar amongst major cryptocurrencies, dropping by more than 11 percent overnight. Bitcoin, Ethereum, and Ripple recorded a five percent loss but have recovered slightly since.
Stable Time Needed For Bitcoin to Recover
Bitcoin had certain periods of strong momentum on the upside, supported by optimism from the market and positive developments by the institutional side of the industry.
Small Cryptocurrency and Tokens Will Suffer
If BTC falls to the lower end of $5,000, it's
highly likely that tokens will experience intensified movements on the downside.
Congratulations @allinonesaurav! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!