Over the last 24 hours bitcoin and other main crypto assets have seen their value plummet, this trend has also left most small holders or traders wondering what could have caused the sudden drop.
If you don’t know, please read the article below
Crypto assets are known to be very volatile for those who understand how the market works. within this period bitcoin has lost 4.48% of its value, Ethereum 5.43, Bitcoin Cash 6.50, LiteCoin 5.23, XRP 4.46. This means if you have assets in all these main crypto’s, yesterday alone you lost an average of 5.22% of your investment. This saw a lot of traders dispose off their assets quickly before they could lose more.
will the prices bounce back? yes very likely, it has already shown some stability as at last night and this morning.
Lawrence is a Cards, Payments, Project Management and Sales Expert with over 16years in the Financial Sector. He is passionate about Excellence, Leadership and Innovation, currently chasing interest in digital Payment solutions, blockchain technology, financial Inclusion & tech startups.
Author of the book, Discover, Develop, Deploy
Lawrence has founded several businesses including a Licensed Fintech in Nigeria. He loves writing and sharing knowledge with his audience.
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