Bitcoin (BTC) and Altcoins ETH, XRP About to Hit Monthly Lowers: Market Plunge

The leading coin by market capitalization Bitcoin (BTC) has seen better starts of the week as today [Monday 29th Oct] in a matter of minutes its value dropped from $6,490.00 to $6,344.00 and continued declining until it hit just above $6,300.00 against the US Dollar.

Trading Cryptocurrency

Source: coinmarketcap

Not being able to close successfully above the major $6,500.00 tanked its price with a bitter end-result. The first-seat competitor Ethereum deep-dived below $200.00 as it is changing hands at $196.46 counting 3.95% decrease for the last 24-hours, getting closer to its monthly lowest of $190.00 [Oct 12, 2018].

XRP – after recovering from the 24th Oct drop, the speedy crypto had no major move for a couple of days while only bound-ranging in a narrow path. For all XRP HODlers not much has changed since past week as its value has returned below 7-days lowest.

Latest

XRP – Lead of Google’s Wireless Messaging system RCS – Amir Sarhangi, has joined the San Francisco based distributed ledger – blockchain startup Ripple as Vice President of Products.

The team behind the third largest cryptocoin XRP, RippleNet and various financial/global payment solutions is excited to have Mr. Sarhangi be included in the road of developing their products, as reported by Reuters. READ

– Ethereum Co-Founder On CNBC: Crypto Isn’t Going To Collapse, Fundamentals Booming

“Digital currencies (Crypto) aren’t on the edge of a collapse.” There were the controversial words conveyed by Joseph Lubin, an Ethereum (ETH) co-founder and Consensys founder, during a recent appearance on CNBC’s “First On CNBC” segment.

– Bitcoin – Traders who had their Bitcoins and other digital assets at a small Canadian Exchange, MapleChangeEx, are now counting losses following a hack on Sunday.  The exchange said “some people” were able to exploit a bug and withdrawing all the exchange’s—including customers—funds. READ

We have not disappeared guys. We simply turned off our accounts temporarily to think this solution through. We cannot refund everyone all their funds, but we will be opening wallets to whatever we have left so people can (hopefully) withdraw their funds.

— MapleChange (@MapleChangeEx) October 28, 2018

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