Flash Crash: Tron [TRX] suffers 10% slip in an hour; Ethereum [ETH] and Litecoin [LTC] down by over 6%

The cryptocurrency market which showed massive growth for most of the major coins, as of December 10, has seen a tremendous spontaneous fall with all major coins bleeding red.

Tron [TRX] the eighth-largest coin the CoinMarketCap list, has seen a great fall of 10.66% over the past hour, at the time of press. Tron is not the only coin to face the sudden massive fall. It was followed by Ethereum [ETH], which recorded a fall of 7.68% and Litecoin [LTC] too fell by 6.66% in the past hour.

Tron, which was heavily pumping over the past few days, saw a sudden fall, which can be viewed in the chart by Trading View.

Source: Trading View

Source: Trading View

At the time of press, TRX was valued at $0.0305, with a market cap of $2 billion. The 24-hour trading volume of the coin was reported to be $569 million, with a growth of 11.78% over the past day. The coin recorded an overall growth of 45.92% in the past week.

Source: CoinMarketCap

Source: CoinMarketCap

Ethereum [ETH], which was the second-largest coin, slipped back to the third position. The coin was valued at $141.02, with a market cap of $14.7 billion. The 24-hour trading volume of ETH was reported to be $2.4 billion, with a massive fall over 8.2% in the past 24 hours. The coin registered an overall fall of 8.55% over the past week and is still falling.

Source: CoinMarketCap

Source: CoinMarketCap

Litecoin [LTC], which was playing a position swapping game with Stellar [XLM], has been falling by 7.67% over the past 24-hours and is still continuing to fall. The coin has recorded a fall of over 5% in the past hour and the overall growth has been noted to be 11.1% over the past week.

Most of the major coins have been attacked by the angry bear and are currently bleeding, at press time.


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Namrata Shukla

Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.


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