Cryptocurrency Market Collapse February 2018 | EthereumTrading.pro
Start of 2018 was extremely volatile for all the cryptocurrencies. After some rebound, decline continued in the first day of February with Bitcoin loosing 59%, Ripple declining an astonishing 81% and Litecoin loosing 69%. Ethereum lost 40% which is relatively modest compared to losses of other crypto assets.
As reported by CNBC, Ethereum hit another all time high this Wednesday surpassing more then $1400 and surging more then 30% in a week.
The cryptocurrency hit $1,417.38 at one point before giving up some of those gains. All other major cryptos were in decline last week driven by news coming from South Korea banning crypto trading and exchanges.
As reported by CNBC, Bitcoin dominance have been challenged with Bitcoin market share dropping to a record low level today with a market cap of $231 billion and 36.1% value of all cryptocurrencies.
Just to give you an idea of the dynamics – at the beginning of 2017 Bitcoin market share was more than 80%.
The main challengers are Ripple and Ethereum (ETH) which now comprise close to 14% of the total market cap.
It was a great start of the new year for Ethereum (ETH) when on Tuesday, 2nd of January the Ethereum price surges to all-time high and went over $900.
According to data from leading cryptocurrency web-site CoinMarketCap, Ethereum has risen more then 16% in the last 24 hours and more then 13% over the last week.
Ethereum Trading Pro – your top destination in digital currency trading.