On June 23rd, digital currency took a thrashing as the likes of Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS lost $13 billion dollars. Since then, Bitcoin, Ethereum, and Ripple have slightly recovered from their recorded 5% loss.
Both BTC and the cryptocurrency market will need to demonstrate stability for several months and undergo an accumulation period before recovering back to the $10,000 region and eventually to the $20,000 mark.
It is likely that for 2018, BTC will fall below the $6,000 mark as they were earlier yesterday.
What does this mean for small crytptocurrencys and tokens? If BTC falls to the lower end of $5,000, it is highly likely that tokens will experience intensified movements on the downside.
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