This year has yet proved to be disappointing for the digital currencies. Although there seems to be a little stability returning back to the crypto market again but again the same scenario is market volatility is repeating itself.
The market though had created a lukewarm recovery since yesterday, with bitcoin crawling up to around $6,300 USD but as seem from the price drop of today with bitcoin priced at $6,215 USD has brought all another altcoins in the red zone too. However, bitcoin remained in the wave of a severe downward trend due to the negative disapprovals by the SEC for the Bitcoins ETF approvals followed by excessive panic sell off of the digital currency since July this year.
The bitcoin is since struggling till date to tumble to a level above $6,500 USD mark. The current price Index of Bitcoin states not a very good market hold.
The Second major cryptocurrency Ethereum ‘ETH’ is arising serious concerns as for today its priced at $192.265 USD and is lowest since the start of this year.
Ripple ‘XRP’ is 5.5 Percent down at a price of $0.278 USD along with Bitcoin Cash ‘BCH’ following a drop of 6.43 percent at a price of $ 471.78 USD today.