The bitcoin price, which had this week been on a downward trend toward ,000 per bitcoin, dropped more than 10% to just over ,000. The bitcoin price has since somewhat rebounded to trade around ,000 but remains some distance from its recent near-,000 highs.Ahead of the cryptocurrency flash crash, wiping 0 billion from the combined bitcoin, ethereum, XRP, cardano and broader trillion crypto market, bitcoin bull and CEO of Galaxy Digital Mike Novogratz warned of a “washout” ahead. Bitcoin and the wider cryptocurrency market, including ethereum, Ripple’s XRP and cardano, were hit by a sudden flash crash early Sunday morning, tanking prices (though Elon Musk’s “fav” crypto dogecoin is holding steady).
What Is Ripple? What Is XRP? – Forbes