TWO BIG DIGITAL CURRENCIES HAVE BEEN FEARED, AND THERE HAVE BEEN HUGE DECLINES.
The XRP, one of the biggest digital currencies, eventually fell well below the $ 0.20 it had maintained for more than two years. The price was $ 0.17 on some exchanges.
The XRP, which is the third largest digital currency by market capitalisation, has fallen to a level not seen for more than two years, driven by the harsh decline in Bitcoin.
The digital currency fell as low as $ 0.17 today. This level is seen for the first time since September 24, 2017. Since then, XRP had managed to maintain its $ 0.20 line.
The problem began with the decline of Bitcoin for XRP and the rest of the cryptocurrency market. The cryptocurrency, which tumbled to $ 6500 levels yesterday, has yet to show the expected jump. In a similar drop seen on November 25, Bitcoin was able to quickly climb above $ 7000.
Outside of XRP, the impact of the overall collapse in the market was also large to XLM. The last time XLM traded at this level, down to $ 0.043, the date was November 25, 2017.