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Flash 1-Hour Crash: Except Bitcoin other coins like Ethereum, Litecoin, EOS, Bitcoin Cash see double digit drop

Priya

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Bitcoin Dumping on the 15-minute chart
Source: Tradingview

Just when the cryptocurrency market recovered from its 2018 lows and reached a 2019 high [today], everything turned upside down. Everything from Bitcoin to all other cryptocurrencies crashed by a big margin in the past one hour.

The One-Hour crash as seen on Coinmarketcap

Source: Coinmarketcap | The One-Hour crash as seen on Coinmarketcap

Bitcoin, although, witnessed only a 6.3% crash in the past hour, EOS, Litecoin, Ethereum and Bitcoin Cash have lost value in double digits. More so, EOS, after experiencing a 30% hike in the past week, saw a massive crash today.

Bitcoin, at press time, was trading at $3876 recovering after hitting a low at $3853 [BTCUSD:BITFINEX]. Bitcoin plunged from trading at $4200 to the low price of $3800 in just under an hour. Heavy trading volumes from Bitmex, was reported by CoinMarketCap.

Trading volume of Bitcoin

Trading volume of Bitcoin

Many from the community have already started picking this up.



Ethereum’s hardfork was postponed to later this month, but the coin saw a considerable increase in its price despite this news. Earlier this month, on the 6th of Feb, ETH was trading at $102/ETH, and started to rise after two days to reach a high of $170 on Bitfinex today. Ethereum, at press time was trading at $143/ETH.

Ethereum crashing in the past hour today

Source: TradingView | Ethereum crashing in the past hour today

EOS, which saw a monumental growth over the past week, was infact trading at only $2.3/EOS at the beginning of this month. The mini-bull run past week saw EOS jumping to its 2019 high at $4.5 today right before the price started crashing.

EOS Crashing in the past hour

Source: Tradingview | EOS Crashing in the past hour





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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1 Comment

1 Comment

  1. Avatar

    craig calabrese

    February 25, 2019 at 5:46 AM

    A PLANNED DUMP BY WHALES covering SHORTS MARKET MANIPULTION

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