The Crypto Markets are Down, But People Aren’t Worried – Here’s Why

in cryptoccarancy •  7 years ago 

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The crypto markets are still going up and down, with the majority of the top ten denominations in the red zone by market capitalization. Actually, one of those coins is in the red zone. The best way to shut the week is it?

Last week, it was in recovery like Bitcoin (BTC). On 12th April, the digital currency skipped $ 1,000 an hour, resulting in the crypto belt coming hot. Unfortunately, the good luck string in the crypto market seems to have disappeared. Today, Bitcoin (BTC) has dropped below $ 8,000 in the trading day. Although it managed to climb back up, it currently sells for $ 8,033.67. In the last 24 hours, the currency decreases by about 3%. Meanwhile, Etherium (Eth), Ripol, Bitcoin Cash, Light Coin, Stellar (XLM), IOTA, NEO and Monaro are all looking red.

The only currency that turns green today on the top ten list of CoinMarketCap, is Cardano (ADA). Currently sold for $ 0.245039, Cardano is up about 12% in the past fourteen hours.

So we know that today's crypto market is a shit today. Now, we want to know how people react to this slow. Let's see what we'll get, what do we do?

What do people say about slow slow crypto?
The last week saw some bold predictions on the crypto market. The team drawer claims Bitcoin (BTC) will reach $ 250,000 for four years, and Tom Lee reiterated his prediction that BTC would hit $ 25,000 this year. And it does not cause the screaming of people running slightly slower on Monday to run away - at least not yet it still does not have it.

In fact, a cryptocurrency analyst tweeted (all 70,000) tweeting that he is still much more comfortable to see exactly what the crypto market looks like. Why? Initially Joseph Young believes that the results of Monday indicate that cryptocyrachicism has started an independent movement.

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Source: https://cryptocurrencynews.com/daily-news/crypto-news/the-crypto-markets-are-down/

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Thank You!

Hello! Useful and informative post! Upvoted, follow you and have a nice week!!! If you want to see more news, please come here.
https://steemit.com/crypoto/@bitcoindollar/bitcoindollar-cryptocurrency-news-april-16

Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
ADACardano0.253$13.99%68.17%
BTCBitcoin8064.750$-3.0%19.42%
MIOTAIOTA1.607$-2.76%63.3%
NEONEO66.379$-5.0%29.52%
XLMStellar0.282$-4.15%43.7%