cryptocurrency

Crypto Markets Continue Reeling On Heavy Trading Volume


Crypto Markets Continue Reeling On Heavy Trading Volume

Investing, News | November 21, 2018 br>
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The cryptocurrency markets kept getting hammered in early trading this morning, as red arrows continued to rule in the top ten coins.

Bitcoin now sits at $4,400, a drop of $1,200 since last week. Volume was again extremely heavy in early trading, indicating a rush to the exits by nervous investors. Can bitcoin actually dip below $4,000, making its losses in 2018 nearly 80% of what it was on Jan. 1?

The misery was spread out on the charts. Ether, which is suffering a similar sell-off, is down to $133 after playing around $225 just a short time ago.

Bitcoin Cash, which many analysts are blaming for the current problems thanks to its hard fork, is now at $229 and continuing to fall. Its hard fork on Nov. 15 has sparked chaos, and its now officially a half-price sale from its former high in the $550 range.

A US holiday long weekend looms starting tomorrow, but its unlikely that traders will take their eyes off the markets for too long, given the volatility of the current situation.




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