Bitcoin, Ripple take another hit, Ethereum still unscathed

Another bad day for King Bitcoin on Thursday, as it continues to extend the downside to levels last seen in December around $9,100. BTC has already shed around 48% since 2018 tops around $17,300 recorded in mid-January, while the down move flirts with 54% when considering all-time highs just below the $20,000 key mark.

In the same line, Ripple is accelerating the descent and is now trading around $0.98, close to YTD lows seen last month in the $0.89 neighbourhood.

Ethereum, on the opposite side, is posting marginal gains for the day just above $1,110.

The recently announced Facebook ban on crypto-advertising, ongoping and unabated jitters over regulation and the persisting unwinding of long positions remain the key drivers behind the downside.

According to coinmarketcap.com, BTC market cap gyrates around $157,600,000,000, XRP’s near $39,000,000,000 and ETH’s hovering over $110,700,000,000.