TODAY THE CRYPTOSPACE SEES A LOT OF RED
As the market gets closer to the crucial date of August the 1st one could now see that it results in the valuation of the space.
The whole market capitalization shrunk from 95 Billion $ to 87 Billion $. One can only guess to what amount it could go down to in the coming days.
Bitcoin is still trading at around 2500$ but as the future comes closer it is also possible to head down as far as 1800-1500$ per Bitcoin.
Also Ethereum had a little more than a week ago huge losses down to 135$ where the space had seen a 400 $ Ether .
The upcoming event could turn out pretty lucrative for some Ethereum investors that invest into more Ether the next days.
All the other currencies also experience at least 10% losses. If this trend continues once again the market will see prices that it has last seen when it got back to a 60 Billion $ market capitalization around the 16th of July of this year.
When it bounced back over the last week didn´t reach the before established record highs where the market attracted 100+Billion $. The Cryptosphere leaves us excited for what is still to come. Maybe the whole trouble surrounding Bitcoin is already partly priced in and the industry won´t see new old levels that it saw at the beginning of 2017. Although that would signal ideal buy in opportunities.
As of always thank you for reading, commenting and resteeming my content and stay CRYPTUNED!!
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