Crypto Market Loss Billions but Traders, Looking at it as the Buying opportunity. #Market Analysis

in #cryptocurrency7 years ago (edited)

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Coin Market Capital lost 32 Billion in the matter of 3 days. Just a week ago market cap reached nearly 180 Billion.

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Except 6 to 7 crypto coins all other 90 to 93 crytpo coins are running in the loss. Crypto kings Bitcoin and Ethereum fall down below $4500 and $400 respectively. Just 6 weeks ago bitcoin was trading at $1900 now it's around $4400 that means bitcoin raised by 140% in just 6 weeks. Now the coinmarket is started getting low. People are looking for buying opportunity.

Good opportunity for Buyers

People who are looking at buying crypto coins are very happy because the market is coming down to buy some crypto coins at the reasonable prices. The entire coin market has been too costly since a couple of two weeks, even the bitcoin Reached $5000 for the first time in the in the history.

Now crypto market gave an opportunity to buyers, make some investments in the crypto market. Sellers are said to hold the coins and look at the bright side rather than being sad for market loss.

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India is Rising

Just a year ago most of the Indian's didn't know much about the crypto currency and coinmarket. But with the advent of steemit and other related websites Many people are added into crypto trading. Bitcoin and Crypto currency search volume is increasing on Indian search engines day by day.

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This post has received a 0.33 % upvote from @booster thanks to: @stefen.

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