Predictable Bitcoin Drop Snowballs to Major Cryptos Plunging 7%

In the last 24 hours, the bitcoin price has dropped by around four percent against the U.S. dollar, leading major crypto assets such as ethereum, bitcoin cash, and XRP to drop by more than seven percent.

The anticipated pullback of both bitcoin and the rest of the crypto market comes after technical analysts like Josh Rager suggested that a healthy bitcoin pullback is likely due coming off a powerful 110 percent year-to-date gain.

In the past month, within merely 30 days, the bitcoin price has from $5,100 to $8,000 at its peak, by nearly $3,000. That is, a monthly gain against the U.S. dollar of 56 percent.

Reference: https://www.ccn.com/major-crypto-assets-plunge-7-bitcoin-pullback

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