Bitcoin falls further below $4 000; crypto continues plunge

Bitcoin falls further below $4 000; crypto continues plunge

After a dark red weekend in the crypto market, both bitcoin and major altcoins rebounded strongly on Sunday and Monday morning.

"I've been saying from the beginning of the year when people were asking for my end year predictions, is that I can say with a 99 percent certainty bitcoin will be between $100 and $1million on December 31". The market saw a wave of green, although the movement of most cryptos was very little and they are still miles away from the prices they posted a fortnight ago.

The constant battle between EOS and BCH has been going on for a while, and the cryptocurrency community speculates this to be due to the Bitcoin Cash's hash wars that occurred causing the Split of BCH into Bitcoin Cash ABC implementation and the Bitcoin Cash SV implementation. Greenspan emphasized that the price fall is "quite normal" and has been seen a number of times since bitcoin's creation.

This 11-day stretch is the longest XRP has spent at number two since it held the title for 13 days from January 26 to February 8 in 2016.

In that case, bitcoin could still resume the drop back to the swing low around $3,650 or even make its way further south. RSI is already in the overbought zone and looks ready to turn lower to signal the return of bearish momentum. The value of Bitcoin (BTC) is now down by more than 30 percent over the past seven days. The California-based chipmaker has lost almost half its value since the start of October, 2018, as demand for its cryptocurrency mining chips collapsed and results in its gaming division disappointed.

When valued against Bitcoin (BTC), some top digital currencies, such as XRP (XRP), Dash, and Ethereum (ETH) are doing pretty well and seeing gains.

Even with the contest resolved, Bitcoin Cash is down by more than 5% in the past 24 hours, amid a broader crypto market rout.

Needless to say, the market rout has resulted in significant depreciation to many if not all cryptocurrencies against the US dollar. Meanwhile, the race for fifth has continued heating up, with EOS and Stellar Lumens being neck and neck. Bitcoin Cash (BCH) has declined by nearly 17 percent over the past 24 hours and 55 percent over the past 7 days.

What is your opinion on the crypto markets lately?

Over the past week, two factions tried to take over the network and the name of Bitcoin Cash, the world's fourth-biggest cryptocurrency.

Litecoin slid by 9.86% on Saturday, reversing Friday's 1.15% gain with interest, to end the day at $28.6, marking its first visit to the $20s since mid-June of past year.

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