TRON in high demand. TRX Rises more than 11%, other altcoins show improvements

Fibo Quantum

Almost all stocks are in RED as the stock market crashes as DOW Jones also drops 800 points, which is the lowest in the last 8 months. The sharp sell-off was even greater at the Nasdaq exchange, home to Apple, Amazon, and others. The Nasdaq fell over 4%. Wednesday marked the fifth consecutive daily decline for the S&P 500, the longest losing streak since November 2016.

 

Japan, South Korea & Asia Panic

According to the speculations, the stock markets have crashed decently due to panic in South Korea, Japan & Asia. This panic can also be seen shifting to Cryptocurrency markets as major investors in South Korea and Japan have panicked, and clearly brought in the same sentiment to Bitcoin & other cryptocurrencies.

 

Cryptocurrency Crash – the right time to buy in?

Coinmarketcap charts demonstrate a sharp and sudden sell-off in crypto markets happening at around 18:00 UTC on October 10. At 18:09, the price of bitcoin was sitting at $6,562.28, or, in other words, it had spent the majority of the day. Not as much as after an hour, at 18:54, bitcoin had dove roughly 5% to $6,314.62.

Different cryptocurrencies were hit with price drops around a similar time, albeit most altcoins experienced altogether more awful drops.

ETH dropped 9%, for instance, and XRP dropped 11.25%. Bitcoin Cash dropped 10.85%, EOS lost 7.57%, and Stellar lost 8.85%.

As we go to press, just six digital currencies in the main 100 have picked up over the most recent 24 hours. Aeternity has increased 8.42% throughout the most recent 24 hours, for instance, and right now sits in the #31 position by market top by and large.

It appears to be improbable that the harm will be constrained to Wednesday – in any event in customary money related markets.

Is it right time to buy into Bitcoin and other cryptocurrencies? Give your opinion in the comments section below.