Crypto market is going through bad phase since 6 months and continues to go down. Apart from few small spikes in the market price, most of the time market is in bearish trend. As per American Institute for Economic Research is the bitcoin doesn't get stable and falls below $5000, whole crpto market will be in panic and altcoins will cross the price which we will never image(Of course on the downside).
Cryptocurrency miners have also got affected due to this. People are going away from buying the hardware to mine the coins looking at this bearish market. The biggest loss is in the coin named EOS in the top crptocurrency. Even though the charts of 2018 and 2014 look similar, bitcoin and other cryptocurrencies need to be on accumulation zone for some time before a string reversal to break two major resistance which are $11000 and $12000.
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