Cryptocurrency collapsed on the statements by the fed

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The main crypto-currencies plunged on Thursday after the head of the fed Jerome Powell said that the cryptocurrency Facebook of serious concern to the financial regulator. According to him, the fed will closely follow Libra.
Against this background, statements, bitcoins per day at 9.30, according Libertex, fell more than 11% to 11409 dollars in capitalization 204,9 billion. An additional negative factor for this cryptocurrency was the announcement that the European Central Bank has refused to recognize bitcoin as a currency.
Ethereum fell by almost 12% to 270,2 dollar with a market capitalization of 28.9 billion dollars. XRP has dropped in price by 16% to 0.33 per dollar, its market capitalization amounted to 14.2 billion dollars. Litecoin per day weakened by 14.68% to 101,9 dollar in the capitalisation of $ 6.4 billion.
The total capitalization of the stock market amounted to an increase of 313.4 billion.
However, the market ignored the positive message that Visa have invested in the crypto-store Anchorage.
According to financial scouts, the statement by the fed affected the market in the short term, it will continue its active reduction. Bitcoin may go down to $ 11,000, Ethereum is 260 dollars, XRP – to 0.3 dollar, and Litecoin below $ 100.
Eugene Turchin,
Financial scout,
Forex Club