Cryptocurrency market experiences a big drop
During the weekend the prices of the cryptographic assets collapsed. Bitcoin experienced a 5% drop per day
The cryptocurrency market experienced a sharp drop over the weekend representing US $ 11 billion. In less than half an hour, a large part of the movements decreased severely for most digital currencies.
After the positive recovery, bitcoin suffered a 5% drop per day, going from 4,150 to 3,900 dollars, according to the specialized portal Coin360 and CoinMarketCap.
According to technical analyst DonAlt, “alternative cryptocurrencies or small market capitalization assets are entering the last phase of retreat, and in the short term, there is a possibility that the market may continue to recover.”
Regarding other cryptocurrencies such as ethereum, it could be known that despite the behavior of this weekend, it remains the same as the altcoin by market capitalization. It follows ripple, with a market capitalization of $ 12.4 billion.
The economist Alex Krüger recently explained that the crypto market is affected by a decrease in interest of investors in digital currencies, which generates a setback. Analysts are looking forward to the “hard fork” of Constantinople, which will take place in four days.
M.Pino
Source: Bitcoin.es
