In recent days, the market capitalization of digital assets has fallen by tens of percent. Individual cryptocurrencies account for losses of around 25% in the last days. Cryptocurrency correction is unavoidable. Will the 2019 scenario be repeated?
Cryptocurrency correction was predicted for several weeks. Market capitalization was entering the parabola and technical indicators needed to cool. The question is, however, whether it will maintain another level over 8800 USD.
Last year, the market capitalization of cryptocurrencies began in January at $ 127 billion. The year ended at 193 billion, but this was due to the fact that since June the price of BTC has risen. The Altcoins were left behind.
This year is so far positive. Since the beginning of the year, capitalization has gained 26%. Analysts and traders therefore ask whether the analogy for last year can be used.
However, there is a consensus across the commentators that the fundament in the form of halving have yet to show its strength. But there is still time until May.
Two more months then off to the races…. pic.twitter.com/HLl6AUdDK6— dave the wave (@davthewave) February 26, 2020