Sean Russell has been taken by hand: last November he placed 120 thousand dollars in bitcoins. In a single month they turned into more than half a million. Then the collapse arrived and today Sean saved more or less the initial sum. Pete Roberts, who in December spent $ 23,000 in a mix of cryptocurrencies, got worse: today her savings have shrunk to just over $ 4,000. The losses of the two British are only a small part of the 600 billion capitalization volatized since the beginning of the year in the cryptocurrency market, which in January had reached a peak of 800 billion dollars and today they are worth 200.
The bitcoin has plummeted from almost 20 thousand dollars up to 6,500 today, a level that has been around for a week now. In fact, since February it has been moving between 6 and 8 thousand, with a physiological volatility compared to last year's roller coaster. If the bitcoin has lost just under 70% from the highs, much worse has gone to many other cryptocurrencies, starting from Ethereum, which at the beginning of the year had touched 1,400 dollars and today it is worth 185, with a fall of almost 90% . The assets in the second cryptocurrency are influenced by value in order to be able to finance ICOs, the initial offers of currencies, for which it is widely used.