Tuesday Shows Bloodbath for Altcoins, Up to 34% Losses on Top 20 Coins

The entire cryptocurrency market is bleeding heavily, with Bitcoin SV showing losses of more than 34%.

Tuesday, Sept. 24 — Altcoins prices are bleeding heavily, with some of the top 20 coins showing losses of more than 34% on the day.

Cryptocurrency market daily overview. Source: Coin360

The last few hours have been nothing but pain for the entire crypto market. Major coins are experiencing double-digit losses, with Bitcoin SV (BSV) taking the not-so-desirable lead with a massive hit of more than 34% on the day.

The most popular altcoin, Ether (ETH), has dropped by more than $50 in the last 24 hours to a price point of $156 per coin — a heavy loss of 24% on the day.

Ether 24-hour price chart. Source: Coin360

XRP dropped below the critical $0.25 price point, from an intraday high of $0.28, down to $0.234 in a single day — showing a loss of 16%.

XRP’s 24-hour price chart. Source: Coin360

Other top 20 coins that followed the massive exodus of cash are EOS, down 29%, and Bitcoin Cash (BCH), down 24%. Cardano (ADA) and Tron (TRX) are both showing painful losses of about 23%.

Cointelegraph just reported that the world’s most popular crypto coin experienced its own flash crash from over $9,800 to $8,150 in less than a day and for the first time in months, which raises the question if traders could see Bitcoin’s price dropping further all the way down to $7,500.

At publishing time, there is no sign of altcoins stabilizing their prices.