Crypto Markets Stumble, Litecoin Plummets 20%

The first two weekends for crypto markets in 2015 have been rough ones. After tumbling to well below $300 one week ago, they have surrendered nearly all of last week's hard-earned gains.

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC/USD) fell as low as $267 on BTC-e, now trading at $272. Peaking at $292 around the time of Bitstamp's resumption of trading, it fell sharply by over 8% to challenge recent 14-month lows.

But BTC's woes pale in comparison to Litecoin's (LTC/USD). LTC plummeted by 20% to $1.61 on BTC-e within a two-hour span, its lowest point since October 23, 2013. It has since recovered back to $1.87, which is still below its previous 2015 low of $1.90.

In outpacing BTC's decline on such a scale, the LTC/BTC rate plummeted as low as 0.006, currently trading at 0.0065.

Most other coins are slightly in the red in dollar terms; some are on par or even positive in bitcoin terms.

Bitcoin 2.0 currencies, like last week, have not escaped the downward pressure. Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term's XRP is off by more than 5% and has broken below the $600 million mark in market cap, challenging last week's lows.

Bitcoin prices on BTC-e are about $4 (1.4%) off from those on its peers, which include Bitstamp, whose prices have converged with those in the broader market since resuming trading.