Cryptocurrency markets are still following a bearish pattern, leaving many digital asset traders uncertain. BTC/USD values have plummeted to levels not seen since the first week of February as the price per coin had touched a low of $7,325 on March 18. Moreover, the whole digital asset economy is suffering from losses as the entire cryptocurrency market capitalization has dropped to a low of $285Bn.
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Markets Update: Bears Pull Crypto-Prices Near Last Bottom
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3 hours ago | Jamie Redman | 10386
Markets Update: Bears Pull Crypto-Prices Near Last Bottom
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Cryptocurrency markets are still following a bearish pattern, leaving many digital asset traders uncertain. BTC/USD values have plummeted to levels not seen since the first week of February as the price per coin had touched a low of $7,325 on March 18. Moreover, the whole digital asset economy is suffering from losses as the entire cryptocurrency market capitalization has dropped to a low of $285Bn.
How Low Can You Go?
Digital assets are touching some lows again as market values this week have dropped 50-60 percent for nearly every single cryptocurrency in existence. Values are down anywhere between 4-25 percent looking at the top 100 coins on Coinmarketcap, and only the controversial ‘stable coin’ tether remains unaffected. BTC trade volume is decent this weekend as volume picked up when the price touched $8,600 on March 16. Trading volume for BTC markets has been roughly around $4-7Bn every day for the past four days. Volumes surely look lower than this December, but analysts should also take into account the price per coin has halved.