Saturday, February 2, 2019

Crypto Market is Trading at Support

Most of the coins are trading sideways and shows minor gains over the past 24 hours. 



Bitcoin is trading below $3500 and the current price is $3462 at the publishing of this article. Bitcoin made an all-time high of $19650  on 16 Dec 2017. The top cryptocurrency Bitcoin (BTC) is trading 82% below the all-time high price.




XRP the second largest cryptocurrency by market cap is trading at $0.307. XRP showing some strength in the bear market as compared to other altcoins that are following Bitcoin (BTC) steps.




Ethereum (ETH) is currently trading below $110 and the current price is $107.6. Ethereum (ETH) makes a new all-time low of 2018 on 14 Dec and the price touches $84. The Constantinople Ethereum fork fuels the crypto and the price surge to $160 in just 2 weeks.
Yesterday, Ethereum has launched Ethereum 2.0 pre-release the network is shifting from Proof of Work (PoW) to Proof of Stake (PoS).


The total market cap of crypto is now $115B and faced a major drop on 11 Jan 2019. The total market cap is down by 11% on the monthly chart.



Crypto market is not the only one who is facing downtrend. Stock markets, Gold market and the Oil market are also facing downtrend.
We hope that soon the downtrend is over and we see a rise in the price.


Long Bitcoin Short the Bankers.


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