On Thursday the price of the main cryptocurrencies fell nearly $13 billion of value and being washed out in less than 4 hours. The popular cryptocurrency bitcoin fell approximately 5% to $6,302, as XRP and ETH both of them lost over 10%, according to data from Coinmarketcap.com. It is very unusual because we didn't use to actually see bitcoin drive other digital tokens deeper. In just less than 4-hours, almost $13 billion of value washed out from the whole cryptocurrency market.
The fall occurs with new warnings from financial authorizations about the fast increase of digital coins and the potential threat to the economy.
Wednesday's stock market massacre
Daily Analysis - 11/10/2018