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Crypto Market Plummets After an Upsurge

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Cryptocurrency markets see a downfall again after being on a slight rise on November 28, with just a few of the top twenty coins seeing mild profits.

Bitcoin (BTC) dropped to a 2.5 percent low on the day, trading at $4125 to $4457, at its highest today; and at $4041 as of press time.
With the weekly drop of 5 percent, the major Cryptocurrency is trading at monthly losses of 5.15 percent, according to Cointelegraph's Bitcoin Price Index.

With the weekly drop of 5 percent, the major Cryptocurrency is trading at monthly losses of 5.15 percent, according to Cointelegraph's Bitcoin Price Index.

Ripple (XRP), the second largest cryptocurrency by market capitalization, hit a low of 5 percent over the past day and currently trading at $0.361 at press time. XRP's market cap is around $15 billion, with a daily trading volume of $654 million.
Over the past week, XRP's weekly chart is in the red, down almost 13 percent and reaching a peak of $0.435 and a trough of $0.327.
Ethereum (ETH) too, hit a low of about 5 percent on the day, and with a press time trade at $114. It has recorded a 9 percent blow for the month. The highest price point for ETH was observed at $131 and the lowest at $101.77 for the week.

Of the top twenty coins by market capitalization, only Ethereum Classic is in the green, with a rise of 2.88%.
EOS has seen a loss of more than 11 percent on the day and was trading at $2.84 at press time. It was imminent that the altcoin would not hold on to its fourth position in the crypto market, even after it briefly overtook Bitcoin Cash (BCH) on November 22. Both Bitcoin Cash (BCH) and EOS are performing poorly for the last 24 hours.
BCH is trading at $167.19 at press time, down by over 3%.
The total market cap of all the cryptocurrencies put together is at around $131 billion at the press time, up from the low of $115 for the week.

Of the top twenty coins by market capitalization, only Ethereum Classic is in the green, with a rise of 2.88%.

Meanwhile, TRON has announced today to launch a gaming fund called TRON Arcade. The decentralized internet protocol will invest a total of $100 million over the next three years.
Altcoin Monero (XMR) will be supported by crypto hardware wallet manufacturer Ledger, for its Nano S device. Eric Larcheveque, the Company's CEO stated, "With this addition, Ledger devices now cover 90% of the entire crypto market capitalization."

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