90% + losses for Ethereum, Litecoin, BTC Cash, Nano, XRP and Zcash

• The route of the crypto market from November continues to extend until the beginning of December.
• Many cryptocurrencies declining> 90% Y / Y.

Above: 97% of the encrypted drops by 90%.

Bitcoin is continuing to face a dramatic and powerful downward pressure, the pressure that occurred at the beginning of November during a deep, profound lower guide for the entire market.

The new 2018 lows were printed throughout the month of November with each day appearing to create new lower lows.

The current minimum of 2018 stands at 3456.78 on 25 November.

There was a brief rescue rally from those lows between November 25 and November 29, where traders saw Bitcoin earn almost $ 1,000 in a four-day period – which represented an additional 27.72% compared to the minimums.

However, prices continued to sell off on a 7-day run that saw the Bitcoin fall -750 points to print a minimum intraday current of December 5, 3660, just above the 2018 low.

If we bring the all-time high of December 17, 2018 to the 2018 low on December 5, 2018, we see a huge decline of $ 16,435.21 dollars on 343 days, a loss of -82.62% so far for 2018.

And now we are less than 2 weeks from the annual anniversary date of the historical maximum.

Many scrambled down more than 90% for the year

A significant number of cryptocurrencies suffered heavy losses for the year. Let's examine some of these losses:

Ethereum: -1.321.76 or -93.08%

Litecoin: -393 or -93.72%

Cardano: -1.363 or -97.63%

Bitcoin cash: -4161.89 or -97.01%

NANO: -26.388 or -97.26%

XRP: -3.2977 or -93.1%

Zcash: -817.498 or -91.1%

2018 panic cryptocurrency in contrast to institutional behavior

While the sell-off on the cryptocurrency market had an impact on the retail trader, the significant discount seems to have attracted significant institutional and property investments.

During 2018 we observed that Coinbase, Bitgo and Gemini are all approved as regulated and authorized custodians for cryptocurrency.

We also saw the launch of the NYSE Bakkt cryptocurrency exchange. More importantly – but not readily reflected on the charts, is the amount of volume traded in criptos on OTC markets.

OTC markets have grown considerably during 2018, with the OTC market in Coinbase, which just opened a few weeks ago. It is also difficult to forget that the Bitcoin futures contracts issued by CBOE and the CME will take almost a year.

The accumulation of cryptocurrencies during the entire 2018 path by the institutions is very contrary to how retail investors and traders have reacted to the market.

Even the news cycles and experts who have previously been bullish are not on the bearish side of this market, and many of the detractors of Bitcoin have expressed their opinion on the death of cryptocurrencies as imminent.

But if billions of cryptocurrencies are accumulated by the institutions, I will follow their example and not the panic of the masses.