January 11 started with all the cryptocurrencies in the market pained in red. This came across as a blow to several investors in the cryptocurrency market as most of the coins were showing a massive growth. Additionally, all the coins plummeted in the market within a matter of minutes. This includes a majority of the cryptocurrencies in the market, with some plunging by double digits.
Coins such as Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], and XRP also witnessed a massive drop in their price due to the bear’s attack. Additionally, Ethereum lost its second position to XRP, days after regaining it.