The cryptocurrency market is experiencing a significant drop, with Bitcoin and Ethereum both falling by over 10% in the last 24 hours.
The cryptocurrency market is experiencing a significant drop, with Bitcoin and Ethereum both falling by over 10% in the last 24 hours. In total, over $20 billion has been wiped off the value of cryptocurrencies since their peak on September 15th. The crypto crash is happening despite the fact that there has been no news or developments that would have led to such a drop.
According to CoinMarketCap, Bitcoin dropped from $6,912.58 at midnight on October 27th to $6,437.30 at 3:00am BST on October 28th – a decrease of 4.6%. Over the same period of time, Ethereum fell from $205.87 to $184.27 – a decrease of 8%. The overall value of all cryptocurrencies dropped from $210 billion to $192 billion – another 8% decrease.
