The most popular cryptocurrencies mainly decline in price as part of the correction. According to the cryptocurrency trading platform StormGain, the rate of decline reaches 2-3%. But Bitcoin Cash, whose quotes are in the positive area, still looks better than other instruments.
A drop replaced a brief period of rather rapid growth of cryptocurrencies. In addition, the news that the Ethereum Classic network crashed due to the Phoenix hard fork became unfavorable for investors.
However, it became known that two Swiss banks received permission to trade cryptocurrencies. And the president of Venezuela ordered that all gas stations in the country accept Petro's national digital currency for payment.
It is likely that in the near future the decline in quotations of the most popular cryptocurrencies will continue as part of the correction. It can be predicted that Bitcoin will drop to around $9,300, Bitcoin Cash will stop growing and drop to $245, Ethereum will drop in price to $230, XRP to $0.19, and Litecoin to $44.