Bitcoin is now under $7,000 and crypto market cap overall is down to less than $260 billion based on coinmarketcap.com. The short term things do not look well. From the start of 2018 up to now we have mostly gone sideways then down and sideways and then another step down. As if we are going down a flight of stairs to the basement.
Coins that I am holding are down more than 50% from where I bought from.
I have very little liquid capital right now but am tempted to exchange steem for some smartcash as I have an intention to reach 10,000 smartcash before end of this year. As the coin is dropping so quickly this maybe a good to to power down and scoop a few smartcash. Will keep readers posted.
Bitcoin dropping in value is weighing on the overall market. The top coins in market cap are dropping faster than bitcoin which leads me to believe that crypto in general is not as hot as it was six months ago. We will see in next couple of weeks how this market develops.
Thanks for reading.
Date of Post: 3/29/2018
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