Bitcoin, Ethereum stagnant due to heavy BTC to fiat exchange

Bitcoin has hit a low it has never experienced before. At the start of the week, its value was stagnant at four thousand dollars ( $4000) but is now going down to three thousand, nine hundred and eighty-nine dollars ($3,989) in just the last 24 hours showing it decreased about zero point nine four percent in value. Bitcoin is being liquefied into fiat assets now showing an increase in daily global transactions in BTC to USD.

Ethereum is also decreasing in value and now standing at about one hundred eleven dollars per ETH coin. Almost nine million worth of coins were liquefied into US dollars in the past 24 hours.

The crypto market is at its lowest it has ever been, with prices going down each day and cryptocurrency market is showing a lack of strength and volume. This decreasing trend suggests that the assets are showing a lack of momentum. All the top ten cryptocurrencies have suffered a great loss in just a small period.

These currencies had the largest increasing rate of tradings occurring in 24 hours. The loss varies from currency to currency, and the value ranges from zero point nine four percent (0.94%) to ten point one eight percent (10.18%). Dash and ZCash have dropped in value about eighty-seven dollars ($87.14) and seventy-three dollars ($73.65) respectively.

Similarly, Ethereum is affected by the trend showing a decrease in the value of about four dollars. Litecoin, Monero, and QTUM have also demonstrated significant retardation in value.

Bitcoin has hit a low it has never experienced before. At the start of the week, its value was stagnant at four thousand dollars ( $4000) but is now going down to three thousand, nine hundred and eighty-nine dollars ($3,989) in just the last 24 hours showing it decreased about zero point nine four percent in value. Bitcoin is being liquefied into fiat assets now showing an increase in daily global transactions in BTC to USD.

Ethereum is also decreasing in value and now standing at about one hundred eleven dollars per ETH coin. Almost nine million worth of coins were liquefied into US dollars in the past 24 hours.

There has occurred a drastic negative change in the value of EOS in just 24 hours showing about a ten percent decrease in value. Almost twenty-five million worth of coin were liquefied on the EOS to US dollar exchange.

Similarly, Almost thirty million worth of coins were exchanged by the XRP to US dollars exchange XRP has also dropped in value and has experienced a reduction in value of about two percent in 24 hours. Showing the loss suffered by XRP as well.