"what the actual fluke!!!" I hear you say again and agsin and again...
But its not so bad, I mean, though we might just have broken into the lowest point we ever been in in 2018, and there may be a lot of rumours about loss of interest in blockchain tech by the general populace AND there have been a lot of hacking going on lately, spuring more confidence loss in the crypto world, but, just but.......
Hello there :)
So today we saw perhaps the biggest dip of 2018, even though so many people predicted that crypto had bottomed out at $6000, we still saw a slew of news drop the price down all the way to $5800.
In a bizarre and now reoccurring twist, each time a bad news comes on crypto, a slew of other bad news follows suit.
This weekend started with a hack news of $30m being taken from bithumb, one of the largest Korean exchange, which spelt bad news as cryptos lost all tge gain it had gathered for the week, falling $800 from the recovery we had from & 6000, that news was followed by Cambodia warning people about bitcoin, followed by the eos account freezing news, followed by the Japanese slamming exchanges with warnings and threats to improve business, followed by more the US imposing senators to declare any crypto asset above $1000.
Whew! What a solidly annoying weekend.
In a fairness, I had been following a guy on tradingview.com for quite some time now, and his predictions has basically been "BTC will hit $4500".
I didn't want to believe it, but now, it seems to be coming true.
Who knows where else we will hit, who knows what else will happen.
We can only watch and find out.
Of the top 10 coins, the worst performer is currently EOS, after reputable people in the eos economy continue to question its decentralization and other aspects.
So far, no prominent app has launched on the chain, and many are wondering just if the hype was too much.