Cryptocurrency panic selling is happening more than ever these past few weeks. The slew of adverse reports for the crypto markets created a broader selloff in prices. Analysts’ fears over the price manipulation were vindicated following the TETHer and Bitfinex related controversy. 

Moreover, regulators all around the globe are stepping up to regulate cryptocurrency trading. As a result of all of this, investors have been losing their confidence in cryptocurrency markets.  

Cryptocurrency markets were always expected to swing in prices, but no investor hadn’t expected prices to fall at such a fast pace.

Cryptocurrency panic selling Has Banged the Entire Market:

Source Image: coinmarketcap.com

Prices for Bitcoin (available on Coinbase) have plunged more than 60 percent in the last month. It slumped in the range of $7,000 in today’s trade, the lowest level since November 17 (it hit the highest level of $19,000 in December).

The rival cryptocurrencies – Ethereum (available on Coinbase)(ETH), Ripple (available on Binance)(XRP), and others – have also been trading at the lowest levels in the previous few months.

Ethereum (available on Coinbase), which market pundits ranked above the Bitcoin (available on Coinbase), dipped below the support level of $700 today – its price plummeted 16%.

The sTron (available on Binance)g confidence from payments services companies couldn’t save Ripple (available on Binance)’s price volatility. Currently trading around $0.69, Ripple (available on Binance) declined substantially from its all-time high price of $3.67 on Jan 4.