Cryptocurrency market capitalization remained at $430,177,410,419 billion Sunday morning, February 25, 2018 (7:00AM), as top 100 digital coins fell in value.
The inability of bitcoin (BTC) to rise above $15,000 since beginning of this month has made crypto lovers asking: Will bitcoin ever cross $20,000 all price high again?
As the time of writing, bitcoin lost 6% in value in the last 24 hours to remain at $9,766.06USD as against its value the same time last week Sunday, February 18, when it grew by 5%, selling at $11,106.20 then.
Last week, Market Cap rose above $509 billion, making crypto investors hopeful that cryptocurrency rise had began, making some bitcoin community right here in Nigeria pump some cash in, optimistic to make some profits from bitcoin and ethereum sales.
Ethereum (ETH) for instance was trading for $965.20 last week Sunday exactly this time, but it’s gone back to $842.63, losing 3% in the last 24 hours.
On February 6, 2018, bitcoin temporarily fell below $7,000, giving cryptocurrency pessimists some voices across the world.
In the other hand, another cryptocurrency future in the banking industry ripple (XRP) grew by 3% to maintain a $1.18 value last week Sunday, but it had lost 4% value in the last 24 hours right now (7:00AM) remaining at $0.948466.
The fall was across board as Bitcoin Cash (BCH) lost 7% in the last 24 hours, maintaining $1,190.86, while litecoin (LTC) lost 3% in the last 24 hours, stood at $206.27USD.
DASH, Monero (XMR), Ethereum Classic (ETC), and bitcoin gold (BTG) depreciated in value, trading for $593.43, $274.11, $37.62, and $117.43, meaning they lost 6%, 5%, 5% and 5% respectively.
One of the crypto investors in Nigeria Saturday night expressed worry through his question, “Bitcoin and ethereum are falling again, why?”
Just like he’s worried there are thousands of others within bitcoin and ethereum community in Nigeria that are worried as well.
But some of them who had been into forex trading before bitcoin boom are different, “It’s a good time to even buy more, if you have the money buy when it’s falling, and sell when it’s high again,” an optimistic cryptocurrency investor replied said.
Investors and market watchers continue to monitor cryptocurency trend if the $50,000/1BTC prediction will ever come to pass before the end of the year.
The year is still young, though, increase in value of bitcoin hasn’t shown any significant sign that it’ll move any closer to that prediction.
If you haven’t invested in cryptocurrency, which among them will you like to jump into?