The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis.
We are facing a very difficult time, all altcoins are falling in a very frightening, imagine an altcoin that last year reached the $160 and today fell below $17, who bought at the price of $160 has reasons to be very worried.
The price of ETH fell from $407 on August 7th to a low of $257 yesterday – a more than 36 percent week-to-week depreciation
it is unbelievable to see the ETH price below $ 290
All of the top 10 cryptocurrencies by market capitalization are currently reporting 24-hour gains above 4 percent with the exception of stellar lumens. What's more, ETH, XRP, Monero, and EOS are all posting gains of above 8 percent, with ETH leading the pack for price growth in the past 24 hours, according to CoinMarketCap.
still the losses are still very large and if, for example, an ETF is approved, it can cause the prices of altcoins to fall even more than the current prices