Cryptocurrencies in low after a brief season in Green
After a volatile year beginning and constant rise, the crypto market is falling again. Almost all of the twenty main currencies in CoinMarketCap are in red on Monday, January 22, with the largest loss of about 13 percent over a 24-hour period.
Bitcoin is approaching $10,000 again, a threshold that had fallen briefly on January 17. The BTC is trading at around $10,826 at the time I am writing this note, with an 8.95% drop over a period of 24 hours.
The Ethereum is also below $1,000, quoting around $999 at the time of writing the note, with a 8.47% drop over a period of 24 hours.
This current decline could be related to a prediction by a Wall Street strategist, predicting 70 to 90 percent of the fall in the price of Bitcoin on CNBC.
The only two high currencies are the EOS, trading at around $13.29 and rising up to 2.10 percent during the last 24 hours, and the VeChain, trading at $8.29 and with 6.57 percent more last 24 hours at the time of this edition.
This is a fair synopsis of the past month. However, I think we need to realize that this most recent correction puts us currently higher than the closing price on Nov. 30th which was near an ATH. The market rewards the patient.
Thanks
Thanks for the marker overview, @venecash!
Here is my idea regarding the situation on BTC prices: I guess we are near the breaking point now and if we go the $8 000 level, we will have a tesh of being below the comfort zone :)
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