The cryptocurrency market is taking a tumble again today, marking another crypto downturn for what has been a tough December. BTC has fallen another 11% in the last 24 hours. It had previously fallen 8% only one week ago today.
At the time of writing, the world’s largest coin is selling for $3,287 USD.
Ripple and Ethereum, the second and third largest cryptocurrencies by market value, have also declined in the last 24 hours. And the losses are great; XRP fell 10.16% and Ethereum an even bigger 15.56% according to Coinmarketcap.com.
The market has been in the midst of a general bearish trend that began in November. It seems that the general feeling out there is a negative one and it doesn’t seem to be letting up anytime soon.
According to Zennon Kapron, director at financial technology consultancy Kapronasia: