If you are looking at the news published this time last year, you will see how the euphoria about bitcoin and the general cryptology experienced its peak. About these days, in the big upswing trend, the bitcoin exceeded the price of nine, and then ten thousand dollars, and the endless growth did not seem to be an ending. Those who dare to predict anything bitcoin predicted a bright future and a price increase of up to 100, 200, and $ 500,000 for a digital coin. Others, however, saw a big balloon of speculation.
The present situation, however, gives the right to these others, because in the end of November, instead of euphoria, the market of crypts is welcomed in a completely different mood. Bitcoin and other leading crypts are constantly declining. At the time of this news, the price of bitcoins fell below $ 3,800, lost almost 15% in one day, and is at the level where bitcoin was in the upward trend, last time during the year 2017.
The sale on the occasion of Black Friday obviously did not affect only the store, but also the owners of the crypts, because in the 30 largest digital coins by market capitalization these days, one should have a candle with someone who has daily losses less than 10%.
Crypto-enthusiasts will say that this is expected and that blockchain technology, regardless of these trends, has a future, just like bitcoin. Those who last year took the masses at this time and bought bitcoins for $ 10,000, hoping for a “loaf without hooks” and did not sell them at the peak, now they probably do not have too many reasons for satisfaction.