On Aug. 15, the cryptocurrency market ended up at a crossroads, failing to make a decisive move. According to data provided by Coin360, all top coins remain in the red as a result of yesterday’s bloodbath.
Bitcoin, the number one cryptocurrency by market cap, is see-sawing in the $10,000 region (it has dipped below this level on multiple times). The coin that started it all saw almost 20 percent of its price trimmed in a single week.
While there are concerns about the health of crypto, it might be just an ordinary correction that will be followed by a green tsunami. After all, cryptocurrency traders are no strangers to extreme volatility.
I've seen $BTC dump like hot garbage waaay too many times to feel any sort of emotion about the last couple days.— The Crypto Dog📈 (@TheCryptoDog) August 15, 2019
Stick around long enough and you come to find the gut wrenching crazy swings are just the status quo.