Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: S.coastapps on November 22, 2019, 01:04:59 PM
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In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.
However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.
On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.
The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.
Source: TheCoinRepublic (https://www.thecoinrepublic.com/amidst-crypto-decline-btcs-trading-volume-overtakes-eth-market-cap/)
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In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.
However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.
On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.
The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.
Source: TheCoinRepublic (https://www.thecoinrepublic.com/amidst-crypto-decline-btcs-trading-volume-overtakes-eth-market-cap/)
Well that's the reality for now so we cant do anything about it. Bloodbath is the new trend in this year end market statistics so its better to hold on to prevent containous losing streak just hold and wait until the market condition will be normalized or if you want you can still ride the high and lows via trading run.