Mark Mason
Well-known member
Cryptocurrency Markets Correct to Early-December Levels
The cryptocurrency markets have undertaken a sharp correction, falling nearly 50% this month.
On Monday the 8th of January the markets took a significant dip, falling form a high of $829 billion to $702 billion over the course of the day. The market maneuvered in the $700 billion range until Monday of this week, which saw another drop to $543 billion, followed by a further dip to $450 billion late Tuesday. At time of writing the combined valuation of cryptocurrencies rests near $425 billion, nearly a 50% retracement from recent highs.
The markets first broke past present levels on the 7th of December, rising rapidly to new highs. This market dip essentially constitutes a return to early December levels.
Read more: https://www.dashforcenews.com/cryptocurrency-markets-correct-early-december-levels/
The cryptocurrency markets have undertaken a sharp correction, falling nearly 50% this month.
On Monday the 8th of January the markets took a significant dip, falling form a high of $829 billion to $702 billion over the course of the day. The market maneuvered in the $700 billion range until Monday of this week, which saw another drop to $543 billion, followed by a further dip to $450 billion late Tuesday. At time of writing the combined valuation of cryptocurrencies rests near $425 billion, nearly a 50% retracement from recent highs.
The markets first broke past present levels on the 7th of December, rising rapidly to new highs. This market dip essentially constitutes a return to early December levels.
Read more: https://www.dashforcenews.com/cryptocurrency-markets-correct-early-december-levels/