The bitcoin need a miracle as the entire bitcoin market cap slumped down to $61 Billion.
We all need a miracle. Heck, the whole cryptocurrency market needs a miracle as the market cap slump to only $112 Billion.
The bitcoin market cap reached over $320 billion in December 2017 and the cryptocurrency market was at around $840 billion respectively.
What y'all got to say about the cryptocurrency market situation at the moment?
The crypto market as a whole slumped several times over and over. It rose through new projects and applications, some of which are life saving to certain people in certain parts of the world. Whenever the price of something disruptive rises, it tends to overextends itself and comes back at some point. That's what you're seeing right now, it will balance itself out in time. Don't worry.
Many times said, but looks like someone needs to say it again for all the people who don`t know it, bitcoin is a miracle itself. Market situation in the moment is great, price is high, people are joining, more projects are created than ever before and on top of the blockchain.
Market didn`t slumped as you say, price went up, that was temporary spike. In 2015-16 I didn`t expect to see 1000 dollars so soon, but 2017 was crazy for many people. There are always to optimistic predictions, but who believed in 20k dollars when price were 300 dollars? I was here, I can say situation is the same as before, some believe others don`t, but market, or to better say crypto is growing every year.