Just 9 (nine) days ago, I posed a question to you all via this platform asking of your views on the performance of the cryptocurrencies for this year will be (whether it will be able to go up higher or dip down below the normal expectations....) and only few shared their though.
However, here is the News for you if you haven't read or heard about it.
Bitcoin briefly drops below $10,000 late Tuesday afternoon on Coinbase, after reigning on the psychologically key level in later days of the month of November. The other major digital currencies as well sharply sold off.
Ethereum yesterday drop by a percentage of 30 below $1,000, as Ripple fell below a dollar.
I must say that almost all the major cryptocurrency had a massive nightmare as each hour passes by during the day.
According to CNBC, as at 20:12 ET, the Ethereum Coin had traded at about $1,062. This although shew quite a marginal rebound after dropping to $854 in the early hours of Tuesday afternoon.
This declines of these cryptocurrencies has caused governmental authorities of certain nations to comment on how to toughen regulations on digital currency trading although no immediate driven factor has been identified as the cause of yesterday's late-afternoon decline.
I therefore ask again, what's your prediction on the major cryptocurrencies' performance for this year?
A friend told me and I believe there shall be a massive drop this year in the month of June but it shall rise up again.