Home Crypto Market News Hodlers face test as cryptocurrency plunges deepens

Hodlers face test as cryptocurrency plunges deepens

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Bitcoin was recently down 25% and quoted below $11K on some exchanges. Ethereum and Litecoin are showing similar declines.

Ripple is down 31.5% to $1.25. About ten days ago, it had touched a high of $3.81 and briefly made its CEO wealthier than Mark Zuckerberg. Five weeks ago, it could be had for $0.25.

Crypto veterans have seen this movie before, and Bitcoin’s 45% plunge from a high hit one month ago could look like nothing more than a blip on a chart. New speculators who rushed in at $15K or higher may feel differently.

In some encouraging news for cryptocurrency fans, Dallas Mavericks owner Mark Cuban says the team next season will begin accepting Bitcoin, Ether and maybe other coins as payment for tickets.

Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLFSRAX, OTCPK:GAHC, OTC:UBIA, OTC:ARSC, OTCPK:USTC, PRELF, OTCPK:BLKCF, OTC:CRCW, COINB, LFIN

This article was curated from Google News. You can read the original article here.

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