Bitcoin,Ripple and Ethereum start to recover
After some rough weeks most of the cryptocurrencies are slowly recovering according to Coinmarketcap. This past weeks have been a nightmare for all who own cryptocurrencies - let me tell you why- Bitcoin dropped below 4,000 USD in less then two weeks losing up to 44% of its value.
Bitcoin dropped from over 6,000 USD on Nov. 14 2018 to below 4,000 USD(~3,700) on Nov.25 2018. Ripple lost from over 0,50 USD to a low of 0,33 USD on the same period of time and Ethereum went from over 200 USD to almost 100(102) according to Coinmarketcap.
Starting today, all cryptocurrencies enjoy a fresh breath of air and most of the top 100 cryptos are regaining grounds.You can check in the image below(Bitcoin 5% rise, Ripple 10%, Ethereum 6%,Bitcoin Cash 26%).
This kind of drop, which started mid November, hasn't been seen since April 2013 and that is because Bitcoin lost somewhere around 44% of its value. Last year, those who owne Bitcoin where rubbing their hands because the crypto increased in value from $6,088.35 in mid-November 2017 to $19,326.49 on Dec. 17. 2017.