A sell-off is the rapid selling of securities such as stocks, bonds, ETFs, commodities or currencies. A sell-off may occur for many reasons, such as the sell-off of a company’s stock after a disappointing earnings report, the departure of an important executive or the failure of an important product. Markets and stock indexes can also sell-off when interest rates rise or oil prices surge, causing increased fear about the energy cost that companies will face. Sell-offs can also be caused by political events.
Stellar was trading at $0.08929 by 22:19 (03:19 GMT) on the Investing Index on today (January 28, 2019), down 10.13% this day. It was the largest one-day percentage loss since January 10.The move downwards pushed Stellar’s market cap down to $1.76228B, or 1.51% of the total cryptocurrency market cap. At its highest, stellar’s market cap was $12.12000B.
Stellar had traded in a range of $0.08929 to $0.09471 in the previous twenty-four hours. Over the past seven days, Stellar has seen a drop in value, as it lost 11.69%. The volume of Stellar traded in the twenty-four hours to time of writing was $137.38204M or 0.80% of the total volume of all cryptocurrencies. It has traded in a range of $0.0893 to $0.1038 in the past 7 days. At its current price, Stellar is still down 90.29% from its all-time high of $0.92 set on January 3, 2018.
Today January 29, 2019 as what happen to Stellar, as per Investing Index XRP/Ripple fell below the $0.29197 level. XRP was trading at 0.29197 by 22:08 (03:08 GMT) on the Investing Index, down 3.57% on the day. It was the largest one day percentage loss since January 28. The move downwards pushed XRP’s market cap down to $12.08754B, or 10.68% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $79.53400B. XRP had traded in a range of $0.29015 to $0.29438 in the previous twenty-four hours.