Relax, this has already happened many times, and it will happen again. It is the normal behavior of the market after an extremely bullish market is coming the correction that many anticipated. And it is one of the best opportunities to enter at a lower price than it would have been a couple of days ago.
In what is probably one of the biggest fixes ever seen in the burgeoning cryptocurrency market, the total value of the nascent asset class, created with the advent of bitcoin in 2009, was in the billions on Friday.
At the time of publication, the total value of all cryptocurrencies, including Bitcoin and the other 1,300 transactions, has fallen more than 30 percent since its record high of $ 650 billion reached earlier this week. But while the markets reached a minimum of $ 418 billion today, year after year the markets are still above 4,000 percent, from just under $ 10 billion on January 1, 2017.
So, is the market turning over crypts to buy Christmas presents? Or are the evil bankers working in the market?
While the theories abound, the data is indisputable: the price of bitcoin fell almost $ 5,000 in just a few hours to fall below $ 11,000, and many other cryptocurrencies have followed their downward trend, falling from 30 to 40 percent during the operations of the day.
With $ 10,800, the price of Bitcoin was almost half of what it was when it exceeded $ 19,783