Cryptomarketcap of 70+ Billion!
If we heard this a few months ago...
We would be very happy to hear this, I remember back in April we were only around the $25 - 30 Billion market caps. In the last 3 months we went up so fast, so much money has flowed into cryptocurrencies. Now of course this is really great, however we do need to realize that money flowing in so fast most likely would like to take some profit and they love to play the what we call "Fakeouts" they go back in at these lower support levels in order to drive the price up and then take profit at the resistance zone again, but I don't think we're done falling yet.
We hear it now and it's all panic mode!
Isn't that a bit strange that we're all panicking even though we're still up 2x the amount the cryptocurrency market cap was at just a few months ago. Back in April we were still at half of this market cap. if we could stabilize at and around 50-60 Billion USD that would be really good in my opinion.
Remember don't be that person who sells at the bottom in massive panic, if you haven't sold at the top just wait for it to go up again don't take a massive loss for no reason.