Cryptocurrency Overall Is Experiencing a “Healthy” Decline
Bitcoin dropped below $12,000 on Friday morning, which excited the user base, while some altcoins fell by as much as 40%.
$20,000 on some exchanges last Sunday. Bitcoin has dropped more than 30% in 4 days. This has actually happened before.. To give an example, in the events of China’s closing of cryptocurrency exchanges in September and the end of the upward trend in May, the price drew a similar chart to what it is now.
At the time of writing the news, Coinmarketcap According to the data, Bitcoin has reached its lowest level since December 10 after the upward trending chart.. In the news we published this morning, we examined the price movements in much more detail.
It may sound hard to believe, but when we analyze the loss with such a large value as a percentage, it is possible to describe it as much lighter than other declines. 2017 and in the summer of this year were so strong that we were witnessing losses of up to 45%.
Everything Turned Red
Bitcoin Coins with a higher red percentage than. For example, Bitcoin Cash has lost 36% in the last 24 hours. Bitcoin is hovering around -23% compared to yesterday. Even Ripple, which has shown a superior performance in recent days, could not withstand this decline.. Together with Ripple, all of the coins with the market value at the first 40 have lost value compared to 24 hours.
The magnitude of the losses is also reflected in the general cryptocurrency market statistics. reflected. Total market capitalization of all cryptocurrencies fell from $650 billion to $430 billion in a single day…
Christmas Sale on All Cryptocurrencies! Buy Now Don’t Miss This Deal! pic.twitter.com/Wiir9RuC1i
— Coin Bulletin (@KoinBulletin) December 22, 2017
Bitcoin’s “magical surprised investors and left the mouths of traditional finance followers in the outside world.. As it is known, after such price increases, there are “price corrections” made by large decreases or price decreases.
The price is $15,000 today, which speaks to our feelings. One person who was a trader and commenter when they saw , commented positively that it was a “healthy decline.”
THIS IS SUCH A HEALTHY DIP.
The bounce is going to be insanity. pic.twitter.com/iNvoW74Cik
— Professor Crypto™ (@ProfesorCrypto) December 21, 2017
“This fall It is possible to say that it is quite healthy.
The next leap will be at the level of madness.”
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