RATE Group | Cryptocurrency in 2018, All The Bad And Good [Infographic] ⋆ ZyCrypto
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Cryptocurrency in 2018, All The Bad And Good [Infographic] ⋆ ZyCrypto

22 Dec Cryptocurrency in 2018, All The Bad And Good [Infographic] ⋆ ZyCrypto

Posted at 16:51h in Cryptocurrency News by

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Bitcoin and other altcoins have lost over 80% of their value in 2018, making it one of the largest bearish market in the world of Cryptocurrency. Not only traders felt the shake, but even startups had to adjust to the current market conditions. For example, Bitmain, also known as one of the largest hardware manufacturers for digital currency mining – decided to close its development center in Israel.

The center’s head and Vice President addressed his employees by stating:

“The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation.”

Also, one month ago, information has been circulating that many bitcoin miners in China were shutting down due to the reduced hash rate.

This means Bitcoin miners were no longer making any profits due to low bitcoin prices and increased electricity tariffs. It was reported…

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