RATE Group | Cryptocurrency Market Begins to Show Potential Recovery Signs As Bulls Slowly Clamber Ba…
49412
post-template-default,single,single-post,postid-49412,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency Market Begins to Show Potential Recovery Signs As Bulls Slowly Clamber Ba…

17 Nov Cryptocurrency Market Begins to Show Potential Recovery Signs As Bulls Slowly Clamber Ba…

Posted at 13:40h in Cryptocurrency News by

[ad_1]

The cryptocurrency market has experienced a rough few trading sessions after the market bloodbath on November 14, 2018 which saw Bitcoin plunge below the $6,000 handle.

The total market cap value for the entire industry came in at $210 billion on November 14, but had collapsed to a low of $174 billion on November 15, 2018. The bulls are clambering to regain some of the losses as the market cap currently stands at $184 billion, at the time of writing.

The graph below presents an overview of the extent of the market cap wipeout.

Source: Coinmarketcap

During the turbulence, many of the top altcoins remained relatively stable in their market pairings against Bitcoin, and thus were able to mute the already increased USD losses caused by the Bitcoin drop.

The majority of the top 30 cryptocurrencies are now managing to recover some of their losses incurred over the market wipeout as most are positive against Bitcoin today, November 16.

Ripple (+2.98%) and Stellar Lumens (+5.63%) are…

[ad_2]

Source link

Tags:
, , , , , , , , , ,