Mark Mason
Well-known member
Cryptocurrency Prices Are Down, But Transaction Numbers Are Up
Recent cryptocurrency price declines have attracted the attention of mainstream media outlets.
Many attribute the price declines to tax selloffs, exchange hacks, ICOs, and negative regulation developments. Some have proclaimed this to be the beginning of the end, while others, such as Brian Kelly, have called Bitcoin and cryptocurrencies “not dead”. Kelly says that the USD exchange price of cryptocurrencies are entering bear market territory, but that it is also important to keep things in “perspective”. To prove his point, he rhetorically asked, “Do you know where we were a year ago?” To which he answered, “$2,500.” Brian Kelly was eluding to the fact that even though cryptocurrency prices are down over a few months, they are actually significantly up year over year.
Read more: https://www.dashforcenews.com/cryptocurrency-prices-are-down-but-transaction-numbers-are-up/
Recent cryptocurrency price declines have attracted the attention of mainstream media outlets.
Many attribute the price declines to tax selloffs, exchange hacks, ICOs, and negative regulation developments. Some have proclaimed this to be the beginning of the end, while others, such as Brian Kelly, have called Bitcoin and cryptocurrencies “not dead”. Kelly says that the USD exchange price of cryptocurrencies are entering bear market territory, but that it is also important to keep things in “perspective”. To prove his point, he rhetorically asked, “Do you know where we were a year ago?” To which he answered, “$2,500.” Brian Kelly was eluding to the fact that even though cryptocurrency prices are down over a few months, they are actually significantly up year over year.
Read more: https://www.dashforcenews.com/cryptocurrency-prices-are-down-but-transaction-numbers-are-up/
