Cryptocurrency Sector Explodes Higher The sentiment toward the Cryptocurrency sector has turned to wildly bullish. Not only has the number of google searches for “Bitcoin” surged, as shown on the left, but so have tweets. We’ve anticipated this rally now, in two recent posts. “Crypto Rally Imminent”. (https://markonomics101.com/2019/02/21/crypto-rally-imminent-chart-of-the-day-15/). And, as recently as one week […]
Cryptocurrency Sector Ready to Rally Despite Reports of FAKE Bitcoin Volume The Cryptocurrency Sector is on the verge of starting a long awaited rally. The resistance line is at $145 Billion, exactly the level as of early Sunday evening. (https://coinmarketcap.com/). The Sector continues to be plagued by shady practices. Bitwise Asset Management performed an analysis […]
Cryptocurrency Deja Vu? It is said history doesn’t repeat, but it does rhyme. Cryptocurrencies are proving to be an exception. Are we seeing DOUBLE? The two charts to the left compare the BUBBLE in late 2013 to the LARGER BUBBLE in late 2017. (https://coinmarketcap.com/charts/). These charts are EERILY similar. Is History actually Repeating? Is it […]
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%. […]
Cryptocurrency Sector Plunges 45% in 11 Days. After a very quiet summer, the Cryptocurrency Sector has suffered yet another Waterfall Decline this year. According to Coin Market Cap (https://coinmarketcap.com/charts/), cryptocurrencies have endured 4 of these horrific drops in the last 11 months as follows: 45% in 10 days from January 7th ($831 Billion) to January […]
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%, […]
Is the 2018 Cryptocurrency Collapse Finally Over? 2018 has not been a kind year to Cryptocurrencies nor their legions of rabid fans. After reaching a Peak Total Market Capitalization of about $825 Billion on January 5th, 2018, the Cryptocurrency Sector tumbled to the $190 Billion level by mid-September (https://coinmarketcap.com/charts/). The loss of 77% in just […]
Ripple’s Triple Gives New Hope To Cryptocurrency Investors. What Is Ripple? Once believed to be the “Great Cryptocurrency Hope” that might dethrone Bitcoin (BTC), Ripple (XRP) surged to a $3.25/coin price last January only to then lose nearly 95% of its value by early September, 2018 at 23 cents. In the last week, XRP tripled […]
Next “Waterfall Decline” Coming for Cryptocurrencies? While holding on to a surprising number of “believers” who have forecast prices up to $1 Million per coin within a few years, Bitcoin may be ready to take a turn for the worse. To its credit, it has a smaller loss than the cryptocurrency market by a 30% […]
Has the Cryptocurrency Storm Blown Over? Since late 2017, this publication, not known for holding punches, has taken a very negative view of the Cryptocurrency Sector. Some of our missives and our consistency can be accessed here: (https://markonomics101.com/category/crypto-corner/). More recently, we’ve compared Cryptocurrencies to Bus Tokens and even Beanie Babies (https://markonomics101.com/2018/08/04/inflection-point-part-4-cryptocurrencies-commodities-or-collectibles/). The year 2018 is […]
