Cryptocurrency market collapse: end of the world or buying opportunity?

Cryptocurrency Market Collapse February 2018 | EthereumTrading.pro

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.

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Bitcoin market share drops to lowest 36%

 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.

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