Bitcoin has had a terrible 2018. Hyped beyond belief in the latter stages of 2017, and nearly reaching $20,000 in mid-December, the cryptocurrency has since fallen to $6,500 today. Year-to-date, it’s down over 50%. And it’s a similar story with other cryptocurrencies. Ethereum was trading near $1,500 in January yet today is under $300. Ripple was trading above $3 in early January but today’s it’s trading for $0.30, a decline of 90%. The entire market has lost almost £500bn in 2018, according to a recent article on Yahoo Finance.
Unsurprisingly, crypto ‘investors’ (I’d call them speculators) are panicking. Indeed, according…
Bitcoin has had a terrible 2018. Hyped beyond belief in the latter stages of 2017, and nearly reaching $20,000 in mid-December, the cryptocurrency has since fallen to $6,500 today. Year-to-date, it’s down over 50%. And it’s a similar story with other cryptocurrencies. Ethereum was trading near $1,500 in January yet today is under $300….
