Cryptocurrency Bubble Popped?
Cryptocurrency Market Two Day Dump Recovers
Over the last two days the entire cyptocurrency market was on a downward spiral. But a recovery of is on its way. The previously all time high market cap of $155 Billion dropped below $90 Billion. This caused many to believe the bubble has been burst and that it was only downhill from here. However, the total market cap climbed back up to 100 billion later that day.
Overall Market Still with Massive Gains over the Past Month
If you look at the past month the cryptocurrency community has been gifted with huge gains and a constant trend upwards until midway through the month. In the middle of the month the market cap found resistance at $100 Billion. This overall market growth made everyone believe that the large drop over the past two days was much worse than it was. Overall the total market cap was still up more than $20 billion this month.
Bubble Could Have Popped
In 2014, when the last bubble popped all of the losses did not happen in one day. This recovery might just be a false sign of hope.
Bubbles are confusing
Yeah, I feel like this growth will settle down at least.
I have seen this for years, ride these waves out people, generally its been on the upswing for years with little hickup corrections like what just took place.
If you have been in the market for years you must have experienced a few crashes.
Oh yes, and each time since I have bought cheap crypto that way! I wish in 2012 I would have bought more btc though..dirt cheap back then for sure.