RATE Group | Has The Crypto Market Bottomed After Bitcoin’s 50% Collapse?
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Has The Crypto Market Bottomed After Bitcoin’s 50% Collapse?

20 Jan Has The Crypto Market Bottomed After Bitcoin’s 50% Collapse?

Posted at 08:03h in Bitcoin News by

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Bitcoin and the rest of the crypto market didn’t have the best second half of 2019. Per data from TradingView, the aggregate value of all publicly-traded digital assets fell from $388 billion to a low of $166 billion — a drop of nearly 60%.

While this metric has been a clear downtrend for the past seven months (save for the past week), analysts are saying that there is a confluence of signs suggesting the bottom is finally in for crypto assets across the board, especially Bitcoin.

Related Reading: Watch Out, This New Bitcoin Scam Is All Over Youtube

The Crypto Bottom is In

Cryptocurrency analyst Thies recently drew attention to a clear sign that the bottom in the cryptocurrency market is finally here. He noted that according to TradingView’s Total2 trading pair (all digital assets sans Bitcoin), “last week alone showed the highest buying volume for the altcoin markets ever recorded.”

While some say that this data masks reality in part, there is no doubt there has been a lot…

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