Popular cryptocurrencies rush down amid an abundance of mixed news

Popular cryptocurrencies rush down amid an abundance of mixed news

By Stormgain | Stormgain | 27 May 2020


The most popular cryptocurrencies are falling in price on Wednesday, and, according to the cryptocurrency trading platform StormGain, the rate of decline for some instruments exceeds 2%.
Such dynamics are observed against a background of conflicting news flow. In particular, Facebook renamed the wallet for the Libra cryptocurrency and created a new structure for its development. Meanwhile, in China, there is a lawsuit against the major cryptocurrency pyramid - WoToken, which tricked investors into $1 billion. At the same time, it became known that the national cryptocurrency of China will be released ahead of schedule. It will help the country's authorities to deal with possible US sanctions and restore the economy after the coronavirus epidemic.
With conflicting news coming to the market, the most popular cryptocurrencies may continue their downward movement. In this case, Bitcoin can go down to $8700, Bitcoin Cash - to $220, Ethereum - to $200, XRP - to $0.19, and Litecoin - to $40.

How do you rate this article?


1

0

Stormgain
Stormgain

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets.


Stormgain
Stormgain

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets. Available on any device, StormGain allows you to start trading the most popular and most capitalised coins with a multiplier of up to 200x, or you can just buy and hodl crypto.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.