RATE Group | Cryptocurrency Price Analysis: Following The Bloody Friday, Cryptocurrency Market Holds …
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Cryptocurrency Price Analysis: Following The Bloody Friday, Cryptocurrency Market Holds …

16 Dec Cryptocurrency Price Analysis: Following The Bloody Friday, Cryptocurrency Market Holds …

Posted at 17:30h in Cryptocurrency News by

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cryptocurrency

On Friday, the cryptocurrency market fell drastically against the USD. The market capitalization of all coins combined almost entered the double digits. This came as a shock to all those who were still hoping for an end of year bullish rally. The prices bleeded into Saturday but it was able to hold above the $100 billion mark. Today, the price of cryptocurrencies are recovering against the USD slowly but steadily.

Bitcoin (BTC) Price Today – BTC / USD

One strange thing about the last fall in price is that the prices of cryptocurrencies fell but there wasn’t any significant adjustment in the trading volume. What this means is that a sell-off wasn’t the only thing that ignited the fall in price. As the prices fell against the USD, Bitcoins dominance in the market increased to 54.92% from 54.5% within a few days. Even with this dominance shift, there is no sign that the price of BTC will outperform other coins drastically.

Cryptocurrency Price Analysis Starting With…

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