A Change Of A Single Website Crashes The Market!
It sounds crazy but it's true. A simple change of the marketcap calculation on coinmarketcap.com crashed the whole market. The recovery set in quickly but it once again shows how many newbies are invested in crypto who can't stand a 20% drop...
In my opinion it's a little worriesome to be honest that such a small thing can already crash everything so easily. But if course all the newcomers aren't used to such volatility which makes them the perfect targets to buy cheap coins from at the bottom.
I was lucky to get my hands on some more discounted ones during that crash hour and I hope you did, too :)
What´s Your Opinion on that crash?
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What recovery? Market is still down quite a bit from what I can tell. 24 hours ago there was a total market cap of about $815B. The move by CMC to exclude Korean exchanged wiped out about $35B. Right now we are at $740B total market cap which means that we're still down about $40 billion.