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Bitcoin Price Falling down at ease whereas other Cryptocurriencies in high velocity

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Major digital currencies being sold out showed how their values fell, so did Bitcoin this Thusday to $10K sharply but the declines in Bitcoin, Ethereum and Litecoin prices did not break down like the rest of the market.

All of the top 20 digital currencies  suffered double digit losses in market value over the last 24 hours, according to data  from industry website CoinMarketCap.

When Ripple was down 26 percent eventually Bitcoin cash was down 24 percent, Iota was down 27 percent and Monero was down 22 percent. As the price went down other cryptocurrencies with large market caps saw their prices get halved. But according to the same site bitcoin was down 17 percent at that time, ethereum was down 19 percent and litecoin was down 19 percent.

Beijing plans to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading as reported by Bloomberg on Monday. South Korean Justice Minister Park Sang-ki said last week, his ministry was preparing a bill that, if passed, could ban trading via cryptocurrency exchanges.

A senior Chinese central banker this Tuesday said authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.

 

Bitcoin rose at $11,260 early this morning of 17.01.18 but again saw a fall down of in 4 hours according to Coinbase which is the leading U.S. marketplace for trading bitcoin, ethereum, litecoin and bitcoin cash. The drop of Bitcoin is similar this month  to last December according to Coindesk. Situation is far better for  Bitcoin as it has fallen 13.44$ than others. Similar crypotocurriencies that can be seen with less fall are Dash, Vechain,  Steem, Ox, Salt etc

Did you know?

Bitcoin biggest bulls sees $50,000 future easily for bitcoin in 2018

 

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