Bitcoin (BTC), Cryptocurrency–While the start of 2019 has brought about a wave of development for the interest and adoption of cryptocurrency, coin prices took a hit amidst market-wide selling.
Bitcoin, which had managed to trade with relatively low price volatility through the second half of January, fell nearly 4 percent on the day, bringing its price below $3500 and approaching the critical mark of $3,000. XRP likewise dropped during the massive selloff, with prices falling over 5 percent to $0.29. However, despite the drop in valuation, the XRP coin was able to widen the gap in market capitalization between itself and third-ranked Ethereum, with the latter experiencing the worst losses of the top 5 currencies. At one point, ETH was down over 8 percent, with the price dropping to $106 and threatening to go below $100 again if the sell-off persisted.