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This week the cryptocurrency market fell even further into the downturn. With a gross market cap of $258 billion, it is down 20% from the $320 billion in worth it moved going into this week. The entire market has been the lowest since November 2017.

Yeah, we have turned back the clock and called prices back to 2017 levels. This valuation was very bad on the come-up previous year. Now it is just the shakes of the market’s rapid growth. Perhaps this most recent breakneck fall tells us that we are near a bottom.. it is not necessarily a good feeling to be at our lowest lows in four months.

Bitcoin:

Closely analyzing the market’s rise and fall, Primedaddy Bitcoin is low 21% on the week, falling from $8,600 to $6,720.

Ethereum:

Ethereum the second most popular cryptocurrency is also going even poor. It is down 28% at $377 over the duration of seven days from its $528 asking price at the beginning of the week.

Ripple:

The number three cryptocurrency on the list is going better than usual. Well, better is related here, as it is still down 21% at $0.50 from $0.64, but it has not recorded the most substantial cost decline of the set as it has in other bear weeks.

2018 would be the year Whales make “All Hell Break Loose”: Bill Barhydt, CEO of crypto investment app Abra, predicts that “all hell will break loose” in the cryptocurrency world as western institutional money begins to explore crypto assets. “I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets and they see it as a huge opportunity,” Barhydt stated. Nonetheless, the CEO remains bullish on virtual currency.

Search for Crypto Jobs Decline as Prices Fall:

According to the employment search engine Indeed, in parallel with the decline of cryptocurrency prices, crypto-related job searches have decreased as well. “Over the last year interest in cryptocurrency jobs on Indeed has risen strongly. However, in recent months the prices of bitcoin and other cryptocurrencies have been volatile and (in some cases) declining,” the company said. “Job seeker interest on Indeed for bitcoin and cryptocurrency jobs has fallen, too.” Although cryptocurrency and bitcoin job searches have declined, blockchain-related searches remain steady

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