After the latest market corrections (aka Crypto on Sale Prices!) down around $40B over a few days, which took us from the ATH range of $180B Market Cap..... we dumped again after a recovery was started and a few days now of SOME stability.
Sort of.
That DUMPENING and stability has continued based on original FUD news out of China -- and the FUD, news and related market response in the markets continue.
Questions linger in every market and region on interference by regulators who seek to tax and ruin everything they touch, as usual since government cannot sustain itself.
1st Half of Post: Current Events/Timeline.
2nd Half of Post: Recent History + Evidence
~7 days ago, ( 9/24/2017) on my last update in THIS particular series - that market cap number was UP to $129B - something most of us were glad to see. It was down to $119B just about 4 days before.
Today is 10-1-2017, 2017 and the Markets are still up and down for the last few days now after that BLEEDING out.
We are UP $20B in 7 days since my last report in this series.
2 of those recent updates are here: (Newest to Oldest) -- since I write a few market reports a week.
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-52-or-a-community-based-engagement-resource-for-everyone-or-sept-30-2017-or-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd129b-market
That means in ~20 to 25 days recently, we had lost btw. $30 and ~$60B in market cap depending on which day you are using as a point of reference, since it is up and down, every other day like a yoyo. (Sept. 2nd ATH of $180B market cap)
$149B today, for example for current Market Cap, as per in the title line.
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You can see this month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC: (1 mth. chart)
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CoinMarketCap.com Charts for the day, current 9:00 pm EST:
Top by Market Cap:
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Top by % Gains / 24 hours:
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In the recent past - and hopefully again -- we HAVE BEEN continually seeing records and ATH's (all time highs) being broken every single day, sometimes, within minutes or hours of something being broken!
~30 Days Ago on Sept. 2nd - we saw ATH's in Market Cap and BTC/Crypto's:
~30 days ago, on Sept. 2nd -- we were all MOONING with BTC right on the razor's edge of breaking $5k USD (in some markets it did) - and the huge ATH of (nearly!!) breaking the $180B market cap here:
https://steemit.com/bitcoin/@barrydutton/bitcoin-about-to-break-usd5k-or-usdbtc-in-canada-smashes-past-usd-6220-mark-or-usd-4980-usd-or-usd179b-crypto-market-cap-usd27b
Sometimes, this involves pullbacks or corrections. I rarely use the word "crash" as many of you know.
We are doing OK. This is what I have always said in all my posts / updates.
-- I think like others we have been overdue for corrections in the markets. But I do not think any of us forsaw the epic FUD news out of China coming - since they have banned crypto and unbanned it SO MANY TIMES.
Bitcoin and Crypto in general - has rebounded quicker each time with that news over time... it has been amazingly resilient!
We need to remember we are all still early adopters here and the markets and new people/money are finding their way here with us.
Some of my Recent Market Updates:
Newest to Oldest....Dating Back ~ 2 to ~20+ Days:
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-52-or-a-community-based-engagement-resource-for-everyone-or-sept-30-2017-or-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd129b-market
https://steemit.com/steemit/@barrydutton/2obc1e-well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-still-leaking-red-or-the-numbers-speak-the-truth
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd138b-market
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-51-or-a-community-based-engagement-resource-for-everyone-sept-23rd-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-20-or-what-was-your-week-in-crypto-like-usd125b-total-market-cap-down-usd10b-day-or-community
https://steemit.com/steemit/@barrydutton/well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-still-leaking-red-or-the-numbers-speak-the-truth
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd138b-market
https://steemit.com/cryptocurrency/@barrydutton/bitcoin-in-canada-smashed-back-thru-the-usd5400-usdcad-mark-today-10-30-am-est-sept-18th-2017-or-a-fun-post-filled-with-hockey
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-50-or-a-community-based-engagement-resource-for-everyone-sept-17th-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-19-or-what-was-your-week-in-crypto-like-usd112-115b-total-market-cap-or-community-engagement
https://steemit.com/cryptocurrency/@barrydutton/well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-bleeding-out-red-or-the-numbers-speak-the-truth
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-49-or-a-community-based-engagement-resource-for-everyone-sept-11th-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-recovery-continues-usd145b-market-cap-or-huge-market-swings-or-9-10-2017-or-brief-overview-and
https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-18-or-what-was-your-week-in-crypto-like-community-engagement-series-or-still-includes-charts
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd161b-market-cap-or-usd21b-of-gains-in-2-days-or-9-6-2017-or
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd154b-market-cap-or-usd11b-of-gains-in-a-day-or-9-5-2017-or
https://steemit.com/bitcoin/@barrydutton/what-are-you-trading-today-and-why-or-e-48-or-a-community-based-engagement-resource-for-everyone-sept-5th-2017-basic-crypto
https://steemit.com/cryptocurrency/@barrydutton/crypto-market-in-recovery-crosses-back-over-the-usd163b-threshold-mark-lots-of-green-in-the-markets-today-or-usd30b-in-market
https://steemit.com/bitcoin/@barrydutton/did-you-hodl-or-sodl-lol-or-e-17-or-what-was-your-week-in-crypto-like-community-engagement-series-or-still-includes-the-history
https://steemit.com/bitcoin/@barrydutton/bitcoin-about-to-break-usd5k-or-usdbtc-in-canada-smashes-past-usd-6220-mark-or-usd-4980-usd-or-usd179b-crypto-market-cap-usd27b
Good Times! Right??
PERSPECTIVE & RECENT HISTORY:
$150B Crypto Market Cap crossed 1st time ever: 8/23/2017!
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Remember we then JUST crossed the $160B Market Cap 8/28/2017 for the 1st time!
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We THEN crossed the $170B mark just days later after that on 8/31/2017 around noon UTC time / 8 am EST.
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And remember what I just wrote above near the start of this post ----the ATH range of NEARLY breaking thru the $180B Market Cap.....
-- Sept. 2nd here where you can see this month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC:
We will be back there soon enough and upwards folks, it takes time to ride out some of the FUD and bad news (Fear, Uncertainty, Doubt) etc.
Corrections started BEFORE Sept 8th, 2017 - but the markets consistently dumped down to (now) Sept. 14th at the huge new low of ~$119B.
Remain Calm. History is on our side here.
Balance and Perspective is key here.
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
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Some of my recent blogs:
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https://steemit.com/steemit/@barrydutton/steemit-101-or-e-26-basic-resources-to-help-you-on-steemit-or-for-all-the-new-people-arriving-daily
https://steemit.com/bitcoin/@barrydutton/video-45-mins-tone-vays-former-wall-st-trader-show-tone-s-ma-94-is-bitcoin-getting-ready-for-liftoff-or-10-1-2017
https://steemit.com/steemit/@barrydutton/4ycfxr-well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-still-leaking-red-or-the-numbers-speak-the-truth
https://steemit.com/steemit/@barrydutton/the-steemu-asks-what-are-you-blogging-about-today-or-e-22-or-drop-your-links-and-ideas-here-like-mad-pictures-thoughts-ideas-etc
https://steemit.com/freedom/@barrydutton/activist-post-when-you-end-up-fighting-government-corruption-and-your-mayor-and-city-hall-and-are-repeatedly-on-the-front-page
https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-52-or-a-community-based-engagement-resource-for-everyone-or-sept-30-2017-or-basic-crypto
https://steemit.com/freedom/@barrydutton/2xmqni-liberty-post-of-the-day-or-do-not-drink-the-mainstream-media-statist-propaganda-they-are-in-bed-together-forget-the-left-right
https://steemit.com/steemit/@barrydutton/steemit-meme-of-the-day-forrest-gump-discusses-his-steemit-posting-strategy
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