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.
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.
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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