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RE: Bitcoin on the verge of a major move higher? Richard Wyckoff says yes!
I wonder how much of a factor in the price dropping is that it seems there are new variations on crypto currencies showing up on the scene regularly, so the money is more spread across multiple platforms, meaning less demand on any individual one.
Also the fear factor of how many stories keep popping up of markets being hacked or whatever, could cause some hesitation for people jumping in?
Both very good points, although we understand that these hacks are rarely ever relevant many newbies wouldn't and it would definitely act as a deterrent. As far as money being spread among crpytos and ICO's I think that's why its also very important to be looking at the overall marketcap.