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This week the cryptocurrency market is seeing angry shades of red.
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tuesday, the 20 largest cryptocurrencies by capitalization of market fell 4% to 10%, with ether, token of the platform of smart contracts Ethereum taking the biggest hit, up to about $ 250, its lowest price of 2018. Ether was higher than $ 1,200 in January. "Data-reactid =" 30 "> On Tuesday, the 20 largest cryptocurrencies by market capitalization fell 4% to 10%, with ether, token from the Ethereum smart contracts platform, which obtained the most successful, up to about $ 250, the lowest price of 2018. Ether was above $ 1,200 in January.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wednesday morning, coins are they were slightly raising but the volume of remained low, a possible sign that the coins have not yet seen the worst of this correction. reactid = "31"> On Wednesday morning, the coins were slightly gathering But the volume remained low, a possible sign that coins have not yet seen the worst of this correction.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" The losses have some cryptic believers in severe emotional stress. On Tuesday, one of the best posts on the popular forum bitcoin of Reddit was information for suicide prevention hotlines. "data-reactid =" 32 "> Losses have some crypto-believers in severe emotional stress Tuesday, one of the best posts on Reddit's popular bitcoin forum was information for suicide prevention hotlines. [19659003] Yahoo Finance's cryptocurrency heatmap on August 14, 2018.
This happened earlier: In January Reddit users shared the same type of post after the bitcoin collapsed from its December 2017 high above $ 19,000 up to $ 13,000, up to $ 10,000.
<p class = "canvas-text canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm" type = " text "content =" Bitcoin is down 57% in 2018 until now, the ether is down 67%, in bitcoin cash ( BCH ) is down 80% %, the stellar lumens ( XLM ) are down 60% and ripple ( XRP ) is down 87%. "data-reactid =" 45 "> The bitcoin fell 57% in 2018 until now, the ether fell 67%, the bitcoin cash (BCH) fell by 80%, the lumini stellar (XLM) fell by 60% and ripple (XRP) is down 87%.
The global currency market has lost more than $ 600 billion in the last 8 months.
So futures expire in one day, the leaders have just capitulated 20%, the hodlers are on their guard against suicide the bitcoin shorts are stacked to the ceiling and someone has just sent $ 100 million to Bitmex Interesting.
– CryptoSpaced (@cryptospaced ) Aug. 14, 2018
Fundstrat analyst Tom Lee offers a daily "bitcoin misery index" index for major cryptocurrencies, on a scale from 0 to 100, with positive high end
Tuesday, Lee's index had bitcoin at 42 – bad, but it was worse – and ether at 21, not much better than its lowest rating ever recorded on the index and 14 to September 2017. The index had stellar lumens at 7 out of 100.
Index of suffering of Fundsrat bitcoins on August 14, 2018.
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" The current crash started at the end of July & nbsp; when SEC refused a bitcoin ETF (fund traded on the stock exchange) by Cameron and Tyler Winklevoss for the second time . In August, the SEC also delayed its decision on a Van Eck ETC bitcoin fueling concerns that regulators could r allow a bitcoin ETF, which is considered crucial for its traditional investment success. " data-reactid = "62"> The current incident began at the end of July when the SEC rejected a bitcoin ETF (fund traded on the stock exchange) by Cameron and Tyler Winklevoss for the second time. he also postponed his decision on a Van Eck bitcoin ETF, fueling concerns that regulators may never allow a bitcoin ETF, considered crucial to the success of traditional investment.
<p class = "canvas- atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Also, the startups that contained ICO ( initial coin offerings ) , in which they create their own token and sell it in exchange for ether, it is believed that are selling off that ether now in bitcoin or fiat currency, which explains why the ether has taken the greatest success of all cryptocurrencies and why bitcoin has not seen the same they give the rest in the last week. "data-reactid =" 63 "> In addition, startups that held ICO (initial offerings of coins), in which they create their own token and sell it in exchange for ether, are believed to be selling off that ether now in bitcoin or fiat currency, which explains why ether has taken the greatest success of all cryptocurrencies, and why bitcoin has not seen the same damage as the rest of last week.
