Crypto Markets Still On The Downside, But Investors Aren’t Panicking

Investing, News | December 15, 2018 By:

Investors continued today avoiding the C word (capitulation) in their dealings with cryptocurrency, even as the overall market continues to shrink.

While bitcoin was down to $3,100 in trading today, heading toward what pundits predict is a floor in the $2,700-$2,800 range, investors showed a strange reluctance to totally throw in the towel. Volume was low in trading, indicating that most hodlers were sticking to their guns.

Meanwhile, crypto prices continued to fall. Ether is down to $83, with Bitcoin Cash and Bitcoin SV (which started the hash wars that depressed prices) in danger of falling out of the top ten coins.

The only good news is that Tether, now back at the $1.00 level, has moved up to No. 4 in market cap, as safety concerns become paramount.