this Friday and Saturday. Coins were losingvalue across the board, with
just three of the top twenty by market capitalization displaying growth of over 10 percent: Cardano, Qtum and Neo.
on the other hand, has dropped from a Friday high of $15,266 to as low
as $12,350 on Saturday. The past two weeks have been very volatile for
the original cryptocurrency, as it has achieved an all-time high of $20,000 on Dec. 17, 2017, only to hold it for a single day and consequently lose about 32 percent of that value, as of press time.
Ethereum as the highest altcoin by market capitalization, has similarly
dropped by at least 20 percent over the past two days. Despite
experiencing a powerful surge this week, it hasn’t been spared from the “crypto massacre.”
Fortunately for holders of Ethereum, its drop has been less prominent. A fall from $769 to $685, constituting just an 11 percent loss of value, compares much more favorably to the performance of Bitcoin and Ripple. Especially if you consider the slight recovery of 2.22 percent over the past 24 hours.
for the vast majority of coins, possibly indicating that the crash of
the past two days is a temporary retracement of that progress, which may
be followed by resumed growth.