January 23, 2018
The Crypto Crash of January: Bitcoin's First Correction
There is a fall that is spreading through the markets this month, and the fall is in the coins: the Bitcoin that hit the peak in December, the altcoins that followed it down, the mania that met its correction. The numbers tell the story: Bitcoin near $19,783 on December 17, the all-time high, and roughly $11,000 by late January, the drop of about forty percent in a single month. The total market cap fell from around $800 billion to around $500 billion, Ethereum down more than fifty percent, the buyers at the top feeling the burn, the sellers counting the losses. The crypto crash is the January 2018 story, and the story is the lesson: the bubbles that burst.
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