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Flash Crash: Tron [TRX] suffers 10% slip in an hour; Ethereum [ETH] and Litecoin [LTC] down by over 6%

Namrata Shukla

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Flash Crash: Tron [TRX] suffers 10% slip in an hour; Ethereum [ETH] and Litecoin [LTC] down by over 6%
Source: Pixabay

The cryptocurrency market which showed massive growth for most of the major coins, as of December 10, has seen a tremendous spontaneous fall with all major coins bleeding red.

Tron [TRX] the eighth-largest coin the CoinMarketCap list, has seen a great fall of 10.66% over the past hour, at the time of press. Tron is not the only coin to face the sudden massive fall. It was followed by Ethereum [ETH], which recorded a fall of 7.68% and Litecoin [LTC] too fell by 6.66% in the past hour.

Tron, which was heavily pumping over the past few days, saw a sudden fall, which can be viewed in the chart by Trading View.

Source: Trading View

Source: Trading View

At the time of press, TRX was valued at $0.0305, with a market cap of $2 billion. The 24-hour trading volume of the coin was reported to be $569 million, with a growth of 11.78% over the past day. The coin recorded an overall growth of 45.92% in the past week.

Source: CoinMarketCap

Source: CoinMarketCap

Ethereum [ETH], which was the second-largest coin, slipped back to the third position. The coin was valued at $141.02, with a market cap of $14.7 billion. The 24-hour trading volume of ETH was reported to be $2.4 billion, with a massive fall over 8.2% in the past 24 hours. The coin registered an overall fall of 8.55% over the past week and is still falling.



Source: CoinMarketCap

Source: CoinMarketCap

Litecoin [LTC], which was playing a position swapping game with Stellar [XLM], has been falling by 7.67% over the past 24-hours and is still continuing to fall. The coin has recorded a fall of over 5% in the past hour and the overall growth has been noted to be 11.1% over the past week.

Most of the major coins have been attacked by the angry bear and are currently bleeding, at press time.





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1 Comment

1 Comment

  1. Avatar

    Lisa

    January 10, 2019 at 7:17 PM

    TRON is always under attack by the bottom feeding daytraders – .005 cent and they salivate. Pitiful as they have no concept of the promise of this project.

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Bitcoin

Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%

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Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.



Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”





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