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Bears running rampant in the Crypto market

bitcoin ethereum australia income master

Bears running rampant in the Crypto market

2018 has been a tough year for just about any cryptocurrency out there and this week has been no different. Many of the big names have reached new 2018 lows. 2017 saw some tremendous gains across the Crypto market, this year is really testing people if they have the guts to stick it out through this bear market, or sell up and take the hit.

This is how the main players (Bitcoin, Ethereum, Litecoin, Ripple, Ethereum Classic and Bitcoin Cash) are looking today in Australian dollars

bear-crypto-market-income-master
source: btcmarkets

Ripple has reached it’s lowest price since December 14, Ethereum is down 47% YTD, Bitcoin Cash has reached it’s lowest price since November 10, 2017.

bear-crypto-market-income-master2
Source: coinmarketcap

During all this, two cryptocurrency exchanges in Japan are on the verge of ceasing operation due to the $533 million theft of NEM that occurred earlier this year.

 

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