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<p>According to data provided by<a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">CoinGecko</a>, the price of Bitcoin, the largest cryptocurrency, has crashed to $79,276, the lowest level since November.</p>
<p>The flagship cryptocurrency is now down 26.6% from its record peak of $108,786.</p>
<p>The bellwether cryptocurrency is down more than 6% over the past 24 hours alone.</p>
<p>The majority of top altcoins have underperformed Bitcoin. The Ripple-affiliated XRP cryptocurrency has plunged by 8.2% over the past 24 hours.</p>
<p>However, there are some signs that at least a short-term price bounce might be on the horizon.</p>
<h2 id="a-whale-loses-17-million">A whale loses $17 million</h2>
<p>Analytics firm Lookonchain has revealed that the whale who went long on Bitcoin two months ago has now lost more than $17 million.</p>
<p>The whale is now on track to be liquidated if the price of the leading cryptocurrency collapses to $69,839.</p>
<h2 id="a-textbook-correction">A textbook correction?</h2>
<p>According to 10x Research, the cryptocurrency market correction was expected due to waning speculative momentum.</p>
<p>According to the firm, the shift in sentiment has<a href="https://mail.10xresearch.co/p/bitcoin-80-000-textbook-bitcoin-correction-we-warned-about-is-unfolding-exactly-as-expected" rel="noopener noreferrer nofollow">"significantly dampened"</a> retail speculation.</p> <a href="https://u.today/bitcoin-and-xrp-collapse-and-this-whale-just-lost-17-million" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin and XRP Collapse, and This Whale Just Lost $17 Million

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