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| Crypto currency dip 2021 binance |
It is a sunday and yet another great dip in the crypto market. The flagship altcoin is under high liquidating pressure with Ethereum trading at $985 at the time of writing this report, down – 12.40% for the day. It is the biggest daily dip since March 12, 2020 as recorded.
Such a fall pushed Ethereum’s market value to $247.15 billion, or 12.16% of the total cryptocurrency market value. At its highest, Ethereum’s market value was close to $300 billion.
On the altcoins side, the sudden crash at the time of writing this report could not be fully assessed, but market sentiments point to rumours that the U.S. Treasury is planning to charge several financial institutions for money laundering using crypto. – NairaMetrics
However, top cryptos such as XRP lost as much as 21.17%, Polkadot and Litecoin were down by 20%, bitcoin cash down 20% for the day, while dogecoin has lost about 15% in value so far. Dip still in process.
In as much as the crypto market is going down and much traders are liquidating their Crypto, this is still the recommended time to buy and hold crypto as we all anticipate for a spike just after the crypto dipping is over.
You can easily buy or sell (trade) crypto using Binance.