He friends my name is Devendra Rajput I am doing a job in textile as office assistant in marketing department. I give my small time to steemit. So that I can give some interesting news about crypto and other topic but max crypto. today I am talking about cryptocurrency recovers after reaching a new low in 2018. So without wasting time let begin.
As we know early last week, the cryptocurrency market went below $200 billion for the first time in 2018., To a low of $189 billion. Most cryptocurrencies saw double digit losses in a single day. However towards the end of the weekend, the marked recovery and is currently at $ 215 billion both the fall and pull back were lead by Ethereum which saw significant changes.
Bitcoin was the most stable coin during the crash which increased its dominance. it went to a peak of 54.5%. However after the market recovery it fell down to 51.5% This is a strong indicator of Bitcoin stability.
**Bitcoin
While all cryptocurrencies saw huge crashes the market was bracing itself for Bitcoin to crash too Bitcoin short orders reached a record high on all exchanges. However it refused to go below $6000. It did go to $5900, but only for a few hours and immediately bounce back this is the strongest reason to remain bullish on Bitcoin in the long term.
