Sale on the crypto market: BTC below $5 ' 600 for the first time in 2018

[Paha87]

The crypto market on the night of November 15 fell sharply in a few hours. According to CoinMarketCap, some of the top 20 cryptocurrencies fell to 18 percent at the time of printing.
According to Bitcointicker, bitcoin fell below $5 '600 for the first time in 2018, dropping to another 5'506. At the moment, bitcoin losses in the 24-hour period are 11%, and BTC is trading at $ 5'580.
Ethereum (ETH), now the third cryptocurrency after XRP by market capitalization, fell below the $200 threshold and fell by 13.4%. According to CoinMarketCap, the price of ETH is about $ 175.
The fourth largest cryptocurrency by capitalization - Bitcoin Cash (BCH) has the largest losses in the top 20 by market capitalization. According to CoinMarketCap, the coin, which plans to hold a hard fork today, fell in price by more than 16 percent and is trading at $ 423.
According to CoinMarketCap, the total market capitalization today fell to 183 billion dollars, which is the lowest since the beginning of November 2017.
While there is a huge sell-off in the markets, bitcoin has experienced some growth in terms of market share. According to CoinMarketCap, The bitcoin dominance rate increased to 53.2 percent, while at the beginning of yesterday it was 51 percent.
The recent market movement has been predicted by a number of industry experts, who also suggest that the bear market will go beyond 2018. Technical expert Willie Wu, founder of the website Woobull, recently predicted that the end of the bear market could end "in the second quarter of 2019, "based on the"unifying view of the blockchain."
Another well-known personality is crypto-investor and founder of Galaxy Investment Partners Mike Novograz, on the contrary, predicted that if bitcoin overcomes $10 ' 000 by the end of 2018, by the second quarter in 2019, when the industry will receive an influx of institutional funds, and bitcoin will update historical highs.

Link to the source of information (Russian) - https://altstake.io/news/rasprodagha-na-kriptorynke-btc-nighe5600-v-pervyy-raz-v-2018-godu