Cryptocurrency prices have taken a tumble today in what appears to be sudden rout highlighted by an afternoon selloff across the board, surprising traders getting used to weeks of relative stability in prices.

As of 5.20 pm GMT on 14 November, Ripple posted the biggest daily loss in the Top 10, shedding 15% of its value to around USD 453.88. Bitcoin itself seemed to have weathered the storm better than others, losing just over 6% and breaching the USD 6,000 for the first time since June 2018.

Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin and Cardano fared little better as the other Top 8 ranked, posting 11% – 14% losses.

There does not appear to be any primary cause for the sell-off, although some are wondering if the October shocks in traditional stock markets have prompted traders to liquidate cryptocurrency in preparation for what Bank of America warned yesterday was a “Big Low” coming for the stock markets.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Freerangestock
Comments are closed.

Check Also

Trending Bitcoin News and Market Sentiment, Weekly Edition October 10th, 2020: Bitcoin Brushes Past $11,000 as Twitter CEO’s $50M Bitcoin Buy Follows Positive Comments on Blockchain

Bitcoin pushes past USD 11,000 on the back of comments made by Jack Dorsey about decentral…