Crypto Market Recap 12/3/2017

Current Market Cap: $337.26B (+4.26B in 24 hrs) Bitcoin Dominance: 55.9% (-0.4%)

How high can Bitcoin go? Will there be an epic collapse or imminent correction around the corner? How much higher will the Bitcoin price go before the big whales decide to take massive profits and crash the markets?

These are questions we all want to know...

The most recent crashes this year in Bitcoin's price were as follows:

• A huge crash down to around $1800 from a high of $3000 in mid July 2017 (SegWit Crisis)
• The massive drop down to below $3000 from a high of $5000 in early September 2017 (China Bans)
• A significant swing from $7800 all the way back to the $5500 range in mid November (BitcoinCash Surge)
• The most recent dip from $11400 to $8600 at the end of November (Flash Crash/Low Liquidity)

As we approach the next pivotal date of December 18th, which is when the CME Group plans to begin BTC futures trading, we will see a massive spike in Bitcoin price. I would not be surprised if we have another major correction before that date and a significant one following that date...

As Bitcoin continues to grow all of the other cryptocurrencies and cryptoassets are seeing a significant boost as well. Bitcoin has remained the heartbeat of the whole crypto-economy so every little move that it makes will affect the market as a whole. We are entering a new age for digital currencies and we are still in the early adoption phase.

Please leave a comment down below and let me know what you think about the upcoming futures trading markets for Bitcoin and other cryptocurrencies :)!