Today the cryptocurrency market cap dropped $5 billion to about $110 billion. Most cryptos came crashing down like a rock except a few including Litecoin...
I don't like to speculate and make predictions because it's not my profession and it's somewhat irresponsible. However, I know the markets well and I have to say, this is incredibly healthy and I'm rather glad it's happening! I'll quickly show some of the coins I've been following below.
Ethereum's at $363:
Bitcoin's at a stunning $2509:
Golem's at $0.509:
Litecoin's up nearly 1% at $30.60:
And the one and only STEEM is at a solid $2.00 following its peak at about $2.80 earlier this week:
When the markets take a breather, especially when we're talking about decentralized markets based on individual free market demand, we know that it's a good time to buy. That's my opinion anyways.
I do have to wonder however, where did that $5 billion go? Who held it? The markets weren't exactly peaking when it dropped as one would expect.
This is the second bloodbath in the last week and a half following the late May correction. Looking at the prevailing rallies we've seen, I'm optimistic and looking forward to the future!
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