The crypto crash started back on the first week of January 2018 and has been dropping ever since. Today, the total crypto market hit a year-low at around $200 billion. The last time the market was at this price point was back in early November 2017.
In December, 2017, the price of bitcoin was above $20000. Nine months later, it’s below $6500.
Why crypto prices are touching the ground ?
On Wednesday, False news by Business Insider that Goldman Sachs was ditching its plans to launch a crypto futures trading desk created FUD resulting in panic sell. But by the next day, Goldman CFO Martin Chavez called the report “fake news.” He also said Goldman’s entire crypto strategy is still in “exploration” mode.
24 hour price change of to ten crypto currencies
1 year price chart of bitcoin
