Ripple: Ripple has experienced one of the greatest losses since the recent
price corrections hit cryptocurrencies in January of this year.
Not exact matches
Ether's
price was
hit hard when the major
correction struck the market.
The move represents a continuation of the recent
price correction that began when bitcoin
hit a high of $ 774 on 18th June, a move market observers suggested was indicative of the idea that the digital currency was «overbought» after reaching two - year highs.
Around Dec. 17, Bitcoin
hit an all - time high of $ 20,000, but in the last days of December, the cryptocurrency market experienced a
correction in
price — Bitcoin dropped to $ 14,000.
However, with a major
correction hitting the overall crypto - markets Ripple's
price has corrected to around $ 1 and has been seen consolidating at this point for quite some time now.
After
hitting two - year highs earlier in the week, bitcoin
prices fell notably entering Wednesday, nearing
correction territory after enjoying a sharp rally.
December will forever be remembered for Bitcoin's massive
price correction after
hitting the $ 20,000 milestone, but a lot happened in the lead up to the climactic end of the year.
Given this steady increase in Ether's
price, it could
hit $ 1,050 before experiencing a minor
correction.