• Alt coins,  Bitcoin,  Cryptocurrencies,  Ethereum,  Litecoin,  Ripple

    This is not a drill: Cryptocurrencies are crashing

    The dreaded c-word can now be applied to some of the largest cryptocurrencies

    With the major selloff in cryptocurrencies Tuesday, it’s time to call it what it is: a crash. Although prices are still generally higher than where they were only a couple of months ago, five of the six largest cryptocurrencies are down by 40 percent or more from their all-time highs, including the market leader, Bitcoin. Ethereum is off by 24 percent. Tuesday’s declines were attributed to a drop in volume from South Korea and Japan as an internal memo at China’s central bank calling for further crackdowns on cryptocurrencies was reported by Reuters. Currency Price (as of 17:20 UTC on 1/16/18) All-Time High All-Time High Date % Difference Days Bitcoin (BTC)…