Bitcoin slips by 4.89% in an hour; Litecoin and Ethereum go down the slippery slope

A bleeding market was seen when Bitcoin suddenly fell by 4.89% in an hour, immediately pursued by the altcoins. Ethereum and Litecoin were the major coins that faced the falling king coin’s brunt.

Bitcoin [BTC]

Source: Trading view

After noting a fall of 4.89% in an hour, the king coin was valued at $10,785.55 with a market cap of $192.17 billion. Despite being highly traded with BTC/USDT pair, the 24-hour trading volume was reported to be $20.91 billion while reporting a fall of 5.60% in a day. The top exchanges that reported the highest trading volume with BTC/USDT pairs were Bitx-Z with $85o million, CoinBene with $719 million, and lastly, Binance with $663 million.

Ethereum [ETH] 

Source: Trading view

Ethereum fell by 11.58% in an hour. The value of the coin was…

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