Ethereum tumbles below $600 as XRP debacle takes a toll on altcoins

Cointelegraph

Published Dec 24, 2020 07:00AM ET

Updated Dec 25, 2020 01:40PM ET

XRP has been showing massive weakness as the cryptocurrency is being sued by the SEC. Its price tumbled significantly from $0.65 to $0.21 in four days, a crash of 67%.

Meanwhile, other altcoins also corrected significantly in the past 24 hours as investors probably fear that XRP may not be the only coin on the SEC's radar.

ETH/USD 1-week chart. Source: TradingView
ETH/USD 1-day chart. Source: TradingView
Bitcoin dominance 1-week chart. Source: TradingView
ETH/BTC 1-week chart. Source: TradingView

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