The cryptocurrency ecosystem now has almost half of the capitalization market that it had 10 days ago.
The alarms are on. The measures of regulation in South Korea and new actions in China, as well as the panic that begins to be generated in the users every time there is a significant drop, have caused that both Bitcoin and the main cryptocurrencies continue in a tailspin.
When it's 5:00 am in New York, Bitcoin has a price of USD $ 10,457.10, 12.80% less than yesterday at the same time and 26% in relation to Wednesday of last week. Operations have been made for more than USD $ 16 billion, with the most active Bitfinex exchange. In South Korea follow the highest prices (around USD $ 12,200), but we must bear in mind that already the prices of the cryptocurrencies made by CoinmarketCap and other indicators do not take into account the values of the currencies in that nation because they are always inflated and inflate the general average.
The altcoins also have important falls, some of them even greater than Bitcoin. Ethereum fell 13.59%, Ripple 20.19%, Bitcoin Cash 13.70%, Cardano 16.21%, Litecoin 13.96%, NEM 22.97%, NEO 22.14% and so on. In fact, of the 100 main cryptocurrencies, 85 are down. Although in this red picture it is striking that a fairly new and specialized currency in the area of health has a growth of 13.87%. This is Dentacoin, of which we did a job recently, a cryptocurrency related to the dental industry. Another that also grew is an initiative that has a similar name, Dentcoin, but is dedicated to the mobile phone and mobile data industry. This grew 11.78% compared to yesterday.
The cryptocurrency market now has a capitalization market value of USD $ 479 billion, almost half of the market it reached on January 7, when it reached USD $ 814 billion. Will it be a setback to take on new forces or a setback and imminent correction as many experts had predicted?
The correction is happening right now and is almost over, newbies panic selling is the only thing that is currently driving the market down, hold and you will reap the rewards in the future. Don't think about tomorrow think about next month!
the world of the cryptocurrency is uncertain today may be the bitcoin to 11 and tomorrow suddenly this to 18 again.
It is unpredictable for sure but in the long term for now at least it is safe, until a single coin becomes more popular than bitcoin bitcoin will continue to rise.