Cryptocurrencies Extend Their 4th Waterfall Decline of 2018 The Cryptocurrency Sector is plumbing to new lows for 2018 as this is being Published. Total market capitalization is now $107 Billion, well below last week’s low. Less than a year ago, the sector peaked at $825 Billion (https://coinmarketcap.com/charts/). Since then, the Cryptocurrency Sector has lost 87%. […]
Bitcoin Wipeouts Have Been Frequent. While Bitcoin (BTC), along with the entire Cryptocurrency Sector, has suffered massive declines this year, large drawdowns have occurred regularly (https://www.ccn.com/bitcoin-crash-the-history-of-bubble-bursts/). At its current price of $4500, BTC has lost 82% from its peak last December. Other large capitalization Cryptocurrencies have suffered similar fates. Ethereum (ETH) has lost 91%, […]