Correlation

in cryptocurrencies •  8 years ago 

The whole crypto market crashed yesterday and fell from 116 bn to 94 bn USD in capitalisation.

The main reason was of course bitcoin, the mother of all coins, who achieved couple of days ago all-time high, which was 3 000 USD. After that tip it begun to crash hard though. At some point the bids went down to 2 047 USD for 1 bitcoin (Bitfinex).

For now the market has already shown an uptrend and is stabilising. #HODL

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!