On January 15, the entire cryptocurrency market recorded a massive decline in value, as bitcoin, Ethereum, Ripple, and other major cryptocurrencies fell amidst a major correction.
The cryptocurrency market lost more than $60 billion in market capitalization, mostly due to the massive decline in the price of smaller cryptocurrencies in the market.’
Bitcoin, Cardano, Qtum, and Monero Record Major Gains:
The four cryptocurrencies recorded large gains over the past 24 hours, even throughout the period in which the vast majority of cryptocurrencies fell by big margins.
One similarity the four cryptocurrencies have with one another is that their trading volumes are somewhat concentrated in the South Korean and Japanese cryptocurrency markets, and the two markets have been demonstrating early signs of recovery from the recent cryptocurrency trading ban fiasco initiated by the South Korean government.
Then the bloodbath started and you can see the significant change in crypto market seeing whole red market.
Still in this bloodbath season there are some coins that are booming.
Well this is the good time for long term hodlers in this market to invest more and more as it will rise one day. But there is so much confusion by seeing these charts on coinmarketcap for beginners.
The question rises for day traders whether to buy these coins that are booming in this senario or not, because if they rise more than traders can get benefit but if they fell too then....
The best way in now-a-days market position is to just leave it as is and wait for good days! and good days will definitely come.