Bitcoin tanks as cryptocurrencies join in global market bloodbath

  • Oct. 11, 2018, 10:12 AM

  • 0


Screen Shot 2018 10 11 at 09.49.16Markets Insider

  • Cryptocurrencies across the board are nursing big losses on
    Thursday as the global market sell-off hitting traditional assets
    spreads.
  • All major crypto assets are down on Thursday, with the likes
    of ethereum and bitcoin cash losing more than 10% of their value.
  • Bitcoin plunged more than 7% overnight, but has now recovered
    a little, and is trading down roughly 5%.

  • You can
    follow all the latest cryptocurrency prices at Markets
    Insider.

Cryptocurrencies across the board are nursing big losses on
Thursday as
the global market sell-off hitting traditional assets

spreads.

Bitcoin, the benchmark cryptocurrency, dropped suddenly and
sharply in Asian trading overnight, losing as much as 7%, before
rebounding a little.

It is now holding at a loss of around 5% on the day, trading at
$6,266 per coin.

While bitcoin has led the way lower on Thursday, other major
cryptocurrencies including Ether, Ripple, and bitcoin cash have
witnessed even larger falls.¬†Here’s the scoreboard:

Previously, bitcoin and other cryptocurrencies tended to rally
during periods of poor performance for traditional assets like
stocks, reflecting their status as something of a haven. However,
in recent months that has flipped, with cryptocurrencies tending
to follow traditional stock markets in their moves.

Get the latest Bitcoin price here.>>

Read More

Did you like this?
Tip Cryptos UK with Cryptocurrency

Donate Bitcoin to Cryptos UK

Scan to Donate Bitcoin to Cryptos UK
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to Cryptos UK

Scan to Donate Bitcoin Cash to Cryptos UK
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to Cryptos UK

Scan to Donate Ethereum to Cryptos UK
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to Cryptos UK

Scan to Donate Litecoin to Cryptos UK
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to Cryptos UK

Scan to Donate Monero to Cryptos UK
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to Cryptos UK

Scan to Donate ZCash to Cryptos UK
Scan the QR code or copy the address below into your wallet to send some ZCash:

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.