Home / Cryptocurrency video news tutorials and tips / Cryptocurrency market falls sharply to $241 billion. Why is the cryptocurrency market going down?

Cryptocurrency market falls sharply to $241 billion. Why is the cryptocurrency market going down?

The cryptocurrency market has fallen sharply over the previous couple of days and is these days at $241 billion market capitalization at the time of recording. While the Bithumb hacking and Japanese regulators’ strict outlook in opposition to cryptocurrency exchanges are being cited as causes for the sharp decline, the most likely motive is that we’re nonetheless caught in a long-term bearish cycle. We have nonetheless now not came upon the backside of the market, and likelihood is that that the market will proceed to be in a state of decline for a while. EOS has taken the greatest hit after a stop-start mainnet release and controversies encompass centralization and charter. We strongly counsel cryptocurrency buyers to take a mid-to-long time period manner in opposition to making an investment and hodl strongly. We imagine that mainstream adoption and law will brining institutional buyers and the subsequent set of retail buyers to the market using costs up in the ling run.


Correction Deepens as Coin Values Approach 2018 Lows: https://hacked.com/cryptocurrency-market-update-correction-deepens-as-coin-values-approach-2018-lows/

Cryptocurrency Market Drops to $241 Billion, EOS Takes a Huge Beating: https://www.ccn.com/cryptocurrency-market-drops-to-241-billion-eos-takes-a-huge-beating/

Bitcoin Price Hits 2018-Low at $five,825, Where Will it Bottom Out?: https://www.ccn.com/bitcoin-price-hits-2018-low-at-5825-where-will-it-bottom-out/

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Disclaimer: Please remember that I’ve made this channel to percentage my stories in the cryptocurrency market. I’m really not a certified monetary guide and the knowledge supplied is only for tutorial functions. Consult your personal monetary advisors and do your personal analysis prior to making an investment in cryptocurrencies. Investing in cryptocurrencies is inherently dangerous and you’ll additionally lose all the quantity you invested. Only make investments the quantity you’ll manage to pay for to lose. The channel shall now not be liable to the viewer for any damages, claims, bills or losses of any sort (whether or not direct or oblique) suffered through the viewer from or in reference to the knowledge received in this channel.

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