Bloody Monday: 96% of Top 100 Cryptocurrencies suffered heavy losses!
Let's have a look at the bloody facts:
The top 100 cryptocurrencies with the largest market capitalization sufferred very heavy losses today.
The only winners were following the following 4 candidates:
Interestingly, ay the time of writing this article - about an hour ago - there were 5 cryptos having a positive % change. So the situation surely worsens each minute passing.
And following cryptos having suffered the biggest losses:
But as we know from previous "cryptomarket-crashes", the market will recover very soon, with Bitcoin leading another bullish trend.
WHY NOW?
Why is especially cloakcoin having such a run? We don't know. Since it isn't any Chinese currency we can not say it is manipulated by Chinese traders, maybe the very own cloakcoin team himself decided to do s smart move by buying up their own coin and driving the price up, so it would stick out of the losing mass of cryptos and lead to a major buy in, maybe, we don't know.
@chrizzztall writes in his latest post that the reason may be in the death rumours of Vitalik Buterin, which has driven the price of ethereum fall down about $100 bucks down to under $270 which has probably shocked the crypto-community leading to this bloody crypto massacre.
Stay tuned for more updates @cryptocentral
this is great for traders and most people are panicing but as bitcoin and ethereum stabalize again then most will go up again so buying time now is a brilliant time for traders. these currencies are not going away but some of them just might take longer than others.
Exactly what we assume.
That's right and the right question now is: Which ones have suffered the greatest losses, and which ones will recover the first?
hahaha, we wrote nearly the same post in the same time :)
cheers.
Woa, but yours has a slightly differenct context, nice article! Upvoted!