Home / Crypto News / [Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins

[Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins

[Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins [Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins - shutterstock 792062659 696x418

The cryptographic asset market, which had various conjectures and arguments concerning prices as the end of the year approached, has plummeted since around 6:30 pm on the 14th.

The Bitcoin ($ BTC) has declined by about 12.5% at 24:00 on the 15th at 6:30 am, the price at CoinMarketCap is about 5,500 dollars , which is equivalent to the one in November 2005 It is getting.

[Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins [Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins - Screenshot 2018 11 14 at 22
Green: Bitcoin ($ BTC), blue: Market capitalization of the market | From CoinMarketCap

Market market capitalization (market cap) has also declined by about 20 billion dollars in the same time period, and almost all issues are down 10 to 25% .

The market is still falling, and at the time of article writing it is a situation that I do not know whether it reached the valley bottom of the fall.

[Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins [Breaking news] Market sharply dropped to the price in November last year Assets flee to newcomer coins - Screenshot 2018 11 14 at 22
Market capitalization top 10 currencies | From CoinMarketCap

Tether declined 2%, Newstable table coins increased 1.5%

While the cause of the fall in this time is not clear yet, the price transition of stable coins has become very interesting.

Tether (Tether / $ USDT), which had been criticized for collapse of pegs and invalidation of 500 million USDT , fell by 2% , 97 cents per USDT at the time of article writing.

On the other hand, True USD ($ TUSD), the new US doll table coins USD Coin ($ USDC), Paxos Standard ($ PAX) are rising by about 1.3%, 1.7% and 1.2% respectively.

Many investors seem to have chosen other stable coins that are not tethered to increase distrust when leaving the market.

Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/market-plummets-by-10-25-percent/

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