It’s a Downer: Bitcoin Struggles as Ripple Sinks to Monthly Low

The cryptocurrency market has experienced yet another major correction, as the price of most cryptocurrencies in the global market declined significantly within the past 24 hours.

Potential Factors
Ripple has declined below the $50 billion region, achieving a monthly low at $1.22. As the $10,000 mark was a psychological threshold for bitcoin investors, the $1 mark of Ripple is also an important threshold that led the price of Ripple to increase by 33-fold within several weeks. If the price of Ripple or XRP cannot sustain itself above $1, the market valuation of Ripple could potentially decline further.

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