Bitcoin $BTC down 7%, Ethereum $ETH 13.4%, 3rd place Ripple 9.4%, and some other of the top cryptos have fallen significantly more in a crypto bloodbath.

Stratis, number 11 by market cap, has fallen 41.% so far today!

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Crypto bloodbath continues after recent falls.

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Bitcoin $BTC down 7%, Ethereum $ETH 13.4%, 3rd place Ripple 9.4%, and some other of the top cryptos have fallen significantly more in a crypto bloodbath.

Stratis, number 11 by market cap, has fallen 41.% so far today!

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Crypto currencies have had such a strong run since the start of 2017, a correction at some point was inevitable, and that moment seems to have arrived with avengeance.

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Every market only runs so far before a dose of reality sets in, and after the hundreds of percent rise in value of some crypto coins such as Ethereum since January, that time has finally arrived.

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Bitcoin is down around 25% since the $3,000 peak achieved in June, Ethereum, one of the biggest investment gains in history anywhere in the first 6 months of the year has now lost 60% since the $400 peak.

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The obvious question is how far will the cryptos fall before they reach the bottom?  And what about the forthcoming ICO’s in the pipeline?  There are a good number as people rush to cash in on the mania whilst the going is good.

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The red flags were flying recently when some sections of the media began predicting “new paradigms” and “Bitcoin to $50,000” type statements. when the herd can only see positives it’s the time to sell!