Correlation

The whole crypto market crashed yesterday and fell from 116 bn to 94 bn USD in capitalisation.

The main reason was of course bitcoin, the mother of all coins, who achieved couple of days ago all-time high, which was 3 000 USD. After that tip it begun to crash hard though. At some point the bids went down to 2 047 USD for 1 bitcoin (Bitfinex).

For now the market has already shown an uptrend and is stabilising. #HODL