On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $27 billion. The market extended losses throughout the past two days.
Currently, the daily trading volume of BTC is hovering at around $5 billion. In contrast, Ripple (XRP), Bitcoin Cash (BCH), and Stellar (XLM) are demonstrating volumes in the range of $100 million to $800 million, less than 16 percent of the volume of BTC.
It will head to $4,900 area Strong support between $4,300 to $4,600 – BTC will likely bounce very hard here – in my opinion, a good place to buy R/R regardless if it heads lower”
“Crypto Rand, a respected digital asset analyst, stated that a fall to the $4,800 to $5,000 range is possible, given that technical indicators have not shown any signs of a bottom,” the report read.
With Paragon and AirFox already ordered by the U.S. SEC to refund investors and pay a $350,000 additional fine, investors will likely avoid investing in tokens until regulatory frameworks around the space are properly established.
