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Last updated on December 31st, 2019 at 07:02 am

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This is what some enthusiasts has mimicked to be Bitcoin Black Friday for the cryptocurrency trading community

The cryptocurrency markets continued on a downward slide today. Bitcoin (BTC) was dropping nearly 8% to settle at $7000, down from around $7,800 yesterday. Is that the Bitcoin Black Friday?

The global crypto market cap dropped $5.6 billion in 24 hours. Barring The only stablecoin coin maintaining an uptrend is Tezos, Tether (USDT) and USD Coin (USDC) was also down. Tezos continues to post gains of 3.9%, settling at $1.25.

Among the top altcoins, Ethereum, Bitcoin Cash and EOS have lost 10% since yesterday, falling to $156, $215 and $2.68 respectively. Binance Coin (BNB) has dropped by 5.4% to $15.5, while Stellar (XLM) has dropped by 5.21% to $0.0592.

Speculation points around China’s recent crack down on cryptocurrency companies—draining out gains that followed an endorsement of blockchain technology by the country’s President Xi Jinping.

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By Tony Chimdiuto

Content Developer | Blogger | SEO Manager | Web Administrator | Web Designer | Copyrighter | Journalist| diutouche@outlook.com

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