Nice bounce
The crypto rollercoaster is in full swing today.
Ripple fell more than 50% on Tuesday, hitting a low of $0.87 from $1.78 at the start of the day. But if you were lucky enough to buy at the bottom, it's up more than 40% to $1.27 now.
One theory is that the collapse of the Bitconnect scam caused some disarray and selling but that market participants have a better handle on it now. The BCC coins have fallen from $200 to $10 today and are going to zero, wiping out $1.8 billion in crypto market cap.
Ultimately, trying to find rational reasons in an irrational market is an impossible task. It's the ebb and flow of a mania.
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