Carnage on Bitcoin Day as XRP Crashes Huge

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There has been a cryptocurrency bloodshed in the past 24 hours as approximately $ 300 billion has been wiped from the market.

The market is now worth $ 2.08 trillion with the 11,600 coins tumbling 12%.

On Tuesday, El Salvador became the first country to accept Bitcoin as legal tender, but the digital currency stopped working and the markets fell dramatically in a huge sell-off.

At the time of writing (7am UK) the market leader Bitcoin (BTC) is around $ 46,700 after falling 12% but, best news for investors, staged a late rally at only 2% of its price last Wednesday.

Ripples XRP has been the worst of the majors. After breaking the recent all-time high of $ 1.30 a few weeks ago on Tuesday, it slumped 20% to $ 1.11 and is now down 9% in one week.

Solana’s record-breaking run, which recently overtook Dogecoin as the world’s seventh most valuable cryptocurrency, came to an abrupt end as SOL fell 11% to $ 164.

However, the token – tied to an open source project designed to make it easier to build decentralized apps – was only worth $ 1.84 at the start of the year and remains nearly 50% higher than its position a week ago.

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The Ethereum smart contract blockchain platform, whose ETH token is the world’s second most valuable crypto, closed at $ 4,000 on Tuesday morning, but has fallen 12% in the past 24 hours to less than 3,500 $. It is down more than 2% over seven days.

Cardano (ADA), the third most valuable crypto, fell 12%. The proof of stake blockchain platform was above $ 3 last Thursday, but is now below $ 2.50 – 11% down in one week.

Binance Coin (BNB) fell 16% to $ 415 and is down 12% on seven days.

The Dogecoin meme (DOGE) also fell like a rock, losing 16% – equivalent to 5 cents – to sit at 25c. It is down 9% over seven days.

Polkadot (DOT) is at $ 27.76 after dropping massive 22% and 10% in one week.

To see how the ratings of the largest motors and shakers – and major parts – have changed over the past few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.

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