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Cryptocurrency drop november 2018

cryptocurrency drop november 2018

Bitcoin plunged below $ on Monday, adding to what has turned into nightmare for investors who touted the cryptocurrency. A year ago, Bitcoin and other digital currencies were booming. Here's why things look so much bleaker now. Nov. 21, Though bitcoin and other cryptocurrencies have been trending up in recent days, the crypto market isn't out of the danger zone yet. The two. THYSIA BETTING ODDS

Of course, a prolonged slump could douse enthusiasm for the sector. Outside of venture capital, companies are also looking to expand into corners of the crypto ecosystem. Filings with the U. Patent and Trademark Office show that Walmart Inc.

Meanwhile, GameStop Corp. To Tacen Inc. According to il Capo Of Crypto, the market is exhibiting a downtrend, followed by temporary consolidation with an extended drop yet to come. Bitcoin's ongoing range play looks similar to the bear market consolidation of The bulls' optimism was misplaced. There are other similarities too. For instance, XRP and other alternative cryptocurrencies have recently rallied, shrugging off the comatose action in bitcoin — perhaps a sign that there is still some speculative interest left in the market.

That means price rallies in alternative cryptocurrencies, referred to as pumps on Crypto Twitter — the social network's vocal, frequently pseudonymous commentators on the industry, are often taken to represent market froth. Crypto Twitter's fears seem reasonable given macroeconomic factors, mainly the declining U.

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