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Market Mayhem: Bitcoin Sinks Below $3.4K, Ethereum Plummets to Double Digits

Discussion in 'General Discussion' started by Arpit, Dec 8, 2018 at 4:52 AM.

  1. Arpit

    Arpit Moderator Premium Member

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    Crypto markets have today again taken a major downturn, with virtually all of the major coins by market cap seeing double digit losses. Some coins are down by over 20 percent, as data from Coin360 shows.

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    Bitcoin (BTC) has taken a steep hit of over 11 percent on its 24-hour chart, and is trading at $3,400 as of press time. Having attempted to reclaim ground above the $4,000 price point in early December — to briefly trade close to $4,300 — the top coin’s recovery has failed to hold, and the asset has seen stepped losses in the days before today’s dizzying tumble.
     
  2. cryptodude

    cryptodude Master of Crypto Staff Member Super Admin Premium Member

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    Good chart, how low do you think btc price will go?
     
  3. Arpit

    Arpit Moderator Premium Member

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    I'm anticipating $2900 as the lowest. If it goes below that, I'll be out of trading for a month or so.
     

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