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Analyst: The News Of SEC Suing Ripple Caused $31B Market Cap Of Altcoins Evaporated

Mary Liu

Summary: The unfavorable news of the SEC's lawsuit against Ripple triggered the collapse of the cryptocurrency market, causing the altcoins to evaporate $31 billion in market cap, according to Bitcoin and cryptocurrency analyst Willy Woo's new tweet. Willy Woo continued to point out that among the top cryptocurrencies in market capitalization, ChainLink (LINK) and Cardano (ADA) ...

The unfavorable news of the SEC's lawsuit against Ripple triggered the collapse of the cryptocurrency market, causing the altcoins to evaporate $31 billion in market cap, according to Bitcoin and cryptocurrency analyst Willy Woo's new tweet. Willy Woo continued to point out that among the top cryptocurrencies in market capitalization, ChainLink (LINK) and Cardano (ADA) were most affected by the news, both of their prices fell over 10% after the news spread out.

By Mary Liu

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