What will happen next. Bitcoin fell to $240 per hour

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Total market capitalization of digital money dropped to $16 billion, most altcoins have lost more than 10% of the price for a short period of time

Thursday, October 11, bitcoin exchange rate sharply dropped to $240 to $6330, and then continued to decline. Now the cryptocurrency is trading at $6270 per day, it fell by 4.5%. During this same time Ethereum lost 11% of the price of XRP — 13%.

The total value of the market of digital money has again fallen to a level of $200 billion, although in the morning it exceeded $217 billion. Of the 100 largest capitalization of digital money, only two are in the green zone — QASH (2,6%) and PIVX (5,45%).

Most altcoins fell in price by approximately 10%. While the daily trading volume increased by 25% — from $12 billion to $15 billion.

Previously analysts at Juniper Research said that the cryptocurrency market is on the verge of failure. Experts have found that the dollar volume of bitcoin transactions in 2018 fell 84%, from $3.7 billion to $670 million.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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