Cryptocurrencies Market Update December 03 2018
Hello dear Steemians! In this post I would like to share what has happened today in the crypto markets. Bitcoin continues its sluggish crawl through 2019, currently trading at around $3,800. The majority of coins are in the red today, notably EOS lost 14 percent today. Binance coin had a healthy day, seeing a 3 point gain. Dogecoin rose a healthy 6 points today. The biggest gainer this week has been Bezant with a massive 100% gain. The largest gainer in 24 hours is PutinCoin with a 155% gain. In the global view market capitalization sits at $125 billion with bitcoin accounting for 53%.
I cannot say that with much confidence that the bear market is over yet. I think the true answer however depends on your point of view. If you expect Bitcoin to return to all time highs before year end I would say that is a long shot. Different luck is almost certain for the smaller projects, especially those with solid teams and innovative solutions behind them. The cryptocurrency space continues to flourish both technologically and financially. Regulations and laws supporting cryptocurrency will cement it's space in history.
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