These Are Things That Could Revive The Demand For Bitcoin, Ethereum, Ripple, And Other Cryptocurrencies
Major cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin have been overwhelmed lately, again. Over the remaining seven days, Bitcoin is down 17.47%, Ethereum is down 19.05%, Ripple is down 11.18%, and Litecoin 14.78%--see desk 1.
Table 1
7d Price Change For Major Cryptocurrencies
Cryptocurrency %7d
Bitcoin -17.47
Ethereum -19.05
Ripple -11.18
Litecoin -14.78
Source: Coinmarketcap.com 3/9/18 at 10:30 a.m.
This crash in primary cryptocurrencies comes roughly two months since the last one, and extends throughout the entire chain. Only two cryptocurrencies out of the top 100 advanced in the ultimate seven days, while 92 declined--see table 2.
Table 2
Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks
Cryptocurrencies Advance/Decline Number
Advance 2
Decline 98
Source: Coinmarketcap.com 3/9/18 at 10:30 a.m.
To some the recent crashes in the cryptocurrency markets should have come as no surprise. The entire sector has been under a number of pressures -- ranging from a crackdown by the big governments to hacking -- which have tapered investor demand for different coins.
That’s the terrible news.
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