Cryptocurrency suffer heavy falls … It may be Christmas’s fault!

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Cryptocurrency suffer heavy falls ... It may be Christmas's fault!

The crypto-coins are having a strong drop in recent days and there are those who believe that all this is due to the time of year. Christmas should be appreciated in the peace and love of the family, however, for many years it is also led to consumerism. Bitcoin, Ethereum, Dash and basically all the other Cryptocurrency had a strong fall and apparently, this is all connected.

Initially, I did not think that such an era could so damage the value of crypto-coins, however, looking at the data presented is likely to be somewhat related.

The Asian market is usually responsible for the ups and downs, which is one of the reasons why I do not think Christmas is so responsible, but we have seen a greater (unusual) movement in the West.

Bitcoin Volume by Currency

Transactions in the last 24h

At the time of writing of this article, of the 100 crypto coins presented in the CoinmarketCap only 2 is that they are with a raise. The  Kin and the  Electroneum are the only crypto-coins that can withstand negative pressure.

Bitcoin was one of the most

The crypto Bitcoin, known for dominating the Market Cap, is one of the most suffered from this fall. The currency peaked at $ 20,000 in early December and is currently trading for $ 10,903, according to CoinDesk.

This may be a good time to invest in the industry, however, do not take my word for granted. I am not, nor can we give, nvestment advice. Our job is to inform and try to understand what is going on in the crypto-coins market. Remember not to invest more than you are willing to lose.

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