We’re only three weeks into 2018 and it’s already been a particularly wild year for cryptocurrency investors. And that’s saying something for a market where 15% moves are brushed off as daily trading swings. The euphoric first week of January, when a number of coins achieved all-time highs and bitcoin reached for its own stratospheric peak, was met with a downturn that slid from disappointing to catastrophic over the next two weeks. Prices dipped to lows not seen since the mainstream media picked up on cryptocurrencies last fall, with bitcoin crashing under the critical $10,000 mark on Jan 16. Read More
We’re only three weeks into 2018 and it’s already been a particularly wild year for cryptocurrency investors. And that’s saying something for a market where 15% moves are brushed off as daily trading swings. The euphoric first week of January, when a number of coins achieved all-time highs and bitcoin reached for its own stratospheric peak, was met with a downturn that slid from disappointing to catastrophic over the next two weeks. Prices dipped to lows not seen since the mainstream media picked up on cryptocurrencies last fall, with bitcoin crashing under the critical $10,000 mark on Jan 16. Was it big-money investors shorting the market to cash in on futures contracts? A selloff in preparation of tax season or the Chinese New Year? The classic January crypto-dip? We may never know for sure. But whatever plagued the market has made a swift exit. #-ad_banner-#At the time of writing, bitcoin had rallied over 20% in less than a day, and the other two most well-known cryptos, ether and litecoin, had gained even more. But some of the greatest gains were in a couple of “altcoins” (coins other than bitcoin) you may or may not… Read More