Litecoin prices have fallen by close to half their record high of $330, with the cryptocurrency last trading at $156. It’s market capitalisation has also fallen from $17 billion to $8.7 billion now.
The biggest cryptocurrency by value Bitcoin, which witnessed a stellar run last year to hit a peak of almost $20,000, is slowly losing its sheen, trading $7,861.38 on Thursday, while the number of Bitcoin transactions has also tumbled, according to data from blockchain.info.
Transactions fell to a seven-day average of 150,000-155,000 in February compared to the peak of 350,000 in mid-December.“People are not preferring to trade as they are already in losses in Bitcoin and other cryptocurrencies. Now it’s more of a HODL view,” an analyst with Capital TA told Gulf News.
Read more at; http://m.gulfnews.com/business/sectors/markets/is-the-end-nigh-for-bitcoin-other-cryptocurrencies-1.2189409
http://m.gulfnews.com/business/sectors/markets/is-the-end-nigh-for-bitcoin-other-cryptocurrencies-1.2189409
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I doubt it. Many times the market has had significant crashes and grown back even stronger. I do think it will be a few months till we see ATH's again but the market certainly isn't finished. Good post
Thank you
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this is not the end. this is the chance to buy in!