New year’s collapse in the cryptocurrency market

New year’s collapse in the cryptocurrency market

Cryptocurrency market experienced a severe drop in this Friday and Saturday. The price of almost all cryptocurrencies fell and only three of the top twenty (by capitalization) have seen growth of more than 10 percent: Cardano, Qtum and Neo.

Bitcoin fell from Friday maximum to $ 15.266 level 12.350 dollars on Saturday. The last two weeks have been very volatile for cryptocurrency number one since 17 December 2017, it reached a record level of $ 20,000, but lasted the whole day and soon lost 32% of this price (at the time of publication of this article).

Fortunately for owners of Ethereum, the fall was less noticeable. Falling from 769 to 685 USD, it’s only 11% – not so much, especially when compared with the fall in the price of bitcoin and Ripple. Especially when you consider the small recovery from 2.22 percent in the last 24 hours.

Overall, the year 2017 was a good year for Ethereum. Coin has increased from $ 8 to a record high of $ 750, and so far it seems to support this momentum.

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