https://www.coindesk.com/bitcoin-breaks-7000-to-50-day-low-amid-market-sell-off/We know that cryptocurrencies are without a doubt changing hands right now, but is it even wise to invest into the crypto economy anymore with the top 20 tokens all showing a 10 to 20 percent sell-off within the last 24 hours? Is this the end, are the days of bull runs over in Crypto? Ever since February we've been struggling to break $11kish and now it's back down, what are we to make of this?
I am still believe that market will recover again. We know that early 2017, market cap below 100billion dollars and right now market cap is more than 250billion dollars. Peak market cap reach $800billion dollar and I am still believe that market cap will reaching highest again in the future
This is very true. Given the amount of gains in 2017, it would take a retraction more severe that this to truly threaten the future of crypto. The current market uncertainty reflects the uncertainty in regulatory efforts, as well as the uncertainty of traditional markets.
At the end of last year, things were going exceptionally well and that all those who were there in this field were making a lot of money and that they were hoping for more increase in the market value of the crypto coins in this year but things didnt happen in the way they wanted to and that the market value of the coins started to drop. Things will change in a positive manner and that the market will soon recover.