On June 15, the cryptocurrency market experienced a major market correction as the value of leading cryptocurrencies including Bitcoin, Ethereum, Ripple, Ethereum Classic and NEM sharply fell.
In total, the cryptocurrency market lost around $16 bln in market cap, moving back down to $95 bln after achieving a historic milestone earlier this week by surpassing the $100 bln mark.
Read more here: https://cointelegraph.com/news/crypto-massacre-why-value-of-bitcoin-ethereum-ripple-nem-others-sharply-fell
This is new information for me, good to know! Seems like a great opportunity to re-up on some bitcoin and maybe ethereum as well. Have fun out there and good luck with your future posts!
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If you've been following cryptocurrencies for a while you will not be surprised by corrections like this. They are impressive. It would not shock me if the there was a 50% correction by the end of this. Get used to it, is all I can say. If the Asian markets are winding out of these currencies it would be good to know why, however. I don't understand why that would be.
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market bubble scared investors
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I like what Andreas tweeted about it in the article.
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Those are all coins which are offered on Asian exchanges. If Asia starts pulling its money out, it's coming out of those coins first and most.
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scare tactic this world luvs for man and woman to place fear n self inferiority complex shook cryptospace this morning
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Haha that pic is a bit over the top, don't you think?
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