Top 4 cryptocurrencies hitting the fresh low of this year
Bitcoin value is continuously dropping for the last 11 days and reached $ 7,438. But now, not only the Bitcoin but also Ethereum Ripple and other cryptocurrencies are hitting their fresh decreased values. Thursday news highlights that the Cryptocurrency Market going down, these decreased values are frozen from approximately last two weeks.
The Cryptocurrency market worth recorded during the first week of January was more than $800 billion but today its worth has fallen down to nearly $275 billion as per the CoinMarketCap report.
XRP
In last 24 hours, the XRP value has decreased down by 8.8% and 76% on a year to date basis. XRP has reached to its lower value since December ’14, reaching the value $0.53. XRP hit the highest value $3.84 during the first week of January this year and since then it is doing down till date.
XRP price listing
If we look at the XRP price listing chart on a daily basis, Relative strength Index has down to the value below 30.00.
If we note the gap between 50-day and 200-day MA, we find that it is the lowest since December. But, overall, we find that the XRP is already oversold.
Ethereum
Ether, the Ethereum token captures the second highest cryptocurrency market capitalization. But, like other coins, it continues to go down by its value below $400 mark. It has gone down by 10% in the recent 24 hours and 47% on year to date basis.
It’s important to note that the cryptocurrency market value is decreased and maintained at the lower level ever since December 2016, if we observe the Relative Strength Index from the last fortnight.
Bitcoin Cash
Bitcoin cash hits the lowest value $757 today, since November 10’ 17. Although BitPay, the cryptocurrency Payment Processor announced yesterday that it has added bitcoin cash support, yet the news has failed to increase the prices even a bit. This is the fourth largest cryptocurrency which has gone down by 12 % in recent 24 hours and 70% on year to date basis.
