Global correction of cryptocurrencies. The cryptocurrency market correction began on the 8th of July and in recent days the vast majority of cryptocurrencies continued the downward trend. According to the coinmarketcap website, all top-10 in marketcap cryptocurrencies have undergone a correction. Bitcoin in comparison to others, faced the smallest correction, what confirms once again its relatively low volatility. The cut in prices of most crypto assets has returned the marketcap values to the spring’s rates of this year. Pavel Kravchenko, the founder of the blockchain company Distributed Lab, explained regarding the decreased capitalization that it can be a result of mass withdrawal of funds earned on ICOs. Koles Coin experts expect the situation to stabilize within two weeks.
