Bitcoin Falls to All Year Low. Will it Hit $3000?
[BREAKING NEWS] — BAKKT futures trading platform launch delayed until late January 2019. Read the full story here.
The crypto markets fell hard again last night, with Bitcoin losing 15% of its price and now trading at an annual time low of $4,632. With the exception of XRP which almost alone among the major cryptos has managed to at least hold its price, the whole market has followed bitcoin each recording losses between 10% and 25%.
Source: Coin Market Cap
November and the run up to the end of the year has traditionally been bullish with large price gains, but the chance of recovery before Christmas seems remote to many of long suffering investors.
For those who have been in the crypto world longer, the volatility is nothing new and after over two months of ‘boring’ stability now have something to trade with, albeit short selling.
Source: Coin Market Cap
Meanwhile r/Bitcoin/ entertains itself with meme’s making fun of the drama in the markets and proclaiming one more time with mock seriousness, ‘bitcoin has died again’.
Source: Reddit r/Bitcoin
Source: Reddit r/Bitcoin
Are you marked safe during the crypto crash of November 2018? Did you cash out to buy back later or are holding long term? Let us know in the comments below.
Who you’re reading:
David Black is a staff writer at The Decentral, living and writing in Chiang Mai, Thailand. He’s also the author of both fiction and non fiction books and likes to debate the finer parts of crypto currency and politics to anyone who will listen.
For questions or story ideas, you can contact David
Email: david.black@thedecentral.com
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Disclaimer: Any and all opinions expressed here are those of David Black alone. The article is for educational and/or entertainment purposes only, so please use it at your own risk.
Originally published at www.thedecentral.com on November 19, 2018.
