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ETH, XRP, BCH, LTC and Other Top Altcoins Capitulate on the Heels of BTC Crash

  • Alex Dovbnya
    📰 News

    The brutal market sell-off has completely diminished the hopes of those who still believed in an upcoming alt season

ETH, XRP, BCH, LTC and Other Top Altcoins Capitulate on the Heels of BTC Crash

The cryptocurrency market endured a severe crash on Aug. 14. Ethereum, XRP, and Litecoin posted double-digit drops. Ripple’s XRP was hit the hardest — the coin steeply fell to the $0.26 level after a major sell-off.

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Meanwhile, Bitcoin turned out to be the safest bet within the CoinMarketCap top 10 given that it only dipped 6 percent following yesterday’s crash. The crypto king is changing hands above the psychologically important level of $10,000 at press time. 

Top 10 cryptocurrencies by market cap  
image by coinmarketcap.com  

According to cryptocurrency trader Josh Rager, BTC is currently inching closer to its previous lows. Thus, this feast might soon end for the bears.

As reported by U.Today, Goldman Sachs recently forecasted that BTC could hit $13,971 in the short-term, which could also revive the broader cryptocurrency market.

Cover image via www.123rf.com
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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