Cryptocurrency Market Continues to Slump as Ethereum, Ripple, et al. Suffer 20%+ Fall
Since January 15, the market valuation of cryptocurrencies declined from $700 billion to $500 billion within a 48-hour span. In the past few hours, the cryptocurrency market demonstrated some signs of recovery, as the market cap of all cryptocurrencies combined increased from $450 billion to $530 billion.
“Bitcoin Decreased Little Bit, Altcoins Plunged a Lot”
I myself am very happy with this pullback. It feels like a pressure valve has been released and we can start up again. We should be looking at a major boom or bust between now and the 19th of February though.
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