RATE Group | Why the Crypto Market Will Likely Rally by the End of 2018: Experts Discuss
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Why the Crypto Market Will Likely Rally by the End of 2018: Experts Discuss

27 Sep Why the Crypto Market Will Likely Rally by the End of 2018: Experts Discuss

Posted at 22:47h in Cryptocurrency News by

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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Historically, over the past nine years, Bitcoin (BTC) has experienced four major corrections, all of which led Bitcoin to decline by more than 80 percent in value. The correction the crypto market experienced in 2018 resulted in a 69 percent drop in the price of Bitcoin, with some other cryptocurrencies like Binance Coin (BNB) and EOS recording smaller losses.

In August 2010, August 2011, January 2014, and January 2018, Bitcoin demonstrated 70 to 80 percent losses against the US dollar.

Bitcoin Corrections

As Cointelegraph previously reported, according to researchers at Chainalysis, the Bitcoin market has matured throughout the past nine months. Despite a steep decline in the price of Bitcoin, the majority of investors held on to their investments, minimizing alterations in their positions even during a period of uncertainty and…

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