Crypto Market News

Bitcoin (BTC) and Altcoins ETH, XRP About to Hit Monthly Lowers: Market Plunge

The leading coin by market capitalization Bitcoin (BTC) has seen better starts of the week as today [Monday 29th Oct] in a matter of minutes its value dropped from $6,490.00 to $6,344.00 and continued declining until it hit just above $6,300.00 against the US Dollar.

Source: coinmarketcap

Not being able to close successfully above the major $6,500.00 tanked its price with a bitter end-result. The first-seat competitor Ethereum deep-dived below $200.00 as it is changing hands at $196.46 counting 3.95% decrease for the last 24-hours, getting closer to its monthly lowest of $190.00 [Oct 12, 2018].

XRP – after recovering from the 24th Oct drop, the speedy crypto had no major move for a couple of days while only bound-ranging in a narrow path. For all XRP HODlers not much has changed since past week as its value has returned below 7-days lowest.

Latest

XRP – Lead of Google’s Wireless Messaging system RCS – Amir Sarhangi, has joined the San Francisco based distributed ledger – blockchain startup Ripple as Vice President of Products.

The team behind the third largest cryptocoin XRP, RippleNet and various financial/global payment solutions is excited to have Mr. Sarhangi be included in the road of developing their products, as reported by Reuters. READ

– Ethereum Co-Founder On CNBC: Crypto Isn’t Going To Collapse, Fundamentals Booming

“Digital currencies (Crypto) aren’t on the edge of a collapse.” There were the controversial words conveyed by Joseph Lubin, an Ethereum (ETH) co-founder and Consensys founder, during a recent appearance on CNBC’s “First On CNBC” segment.

– Bitcoin – Traders who had their Bitcoins and other digital assets at a small Canadian Exchange, MapleChangeEx, are now counting losses following a hack on Sunday.  The exchange said “some people” were able to exploit a bug and withdrawing all the exchange’s—including customers—funds. READ

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