Cryptocurrencies lurking after a period of high volatility

December 27, 2018

After a period of rapid growth and decline alternately replacing each other for several days, a crypto-market began a period of calm - at the moment there is a slight market slipping down.

The bad news for digital money was the message that the Chinese mining giant Bitmain would sack about 1 thousand employees (50% of the entire staff) due to financial problems associated with a fall in cryptocurrency rates and hard forks Bitcoin Cash.

In addition, in the UK over 340 cryptocurrency companies closed over the year, and only from July to November 200 firms specialized in this field ceased to exist.

At 11.00, the Bitcoin exchange rate per day decreased by only 0.03% to $ 3,717 with a capitalization of $ 66.2 billion. Ethereum by this time dropped by 3.38% to $ 123.1 with capitalization of $ 13.06 billion. XRP for day lost 2.7%, falling to $ 0.36 with a capitalization of $ 14.9 billion. Litecoin fell by 1.98% - to $ 29.7.

The total capitalization of the crypto market was $ 127.2 billion.

According to financial scouts, in the near future, a lull will continue on the crypto market. Bitcoin can fall in price to $ 3,650, Ethereum - up to $ 120, XRP - up to $ 0.35, Litecoin - up to $ 28.

Cryptocurrency: Ethereum

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