Crypto Market Update: Recovery Continues: China Market Shakeout | Huge Market Swings w. Growing Stability in Places - $129B Market Cap | 9-24-2017. | Brief Overview & Perspective.

in #cryptocurrency7 years ago (edited)

After the latest market corrections (aka Crypto on Sale Prices!) down around $40B over a few days, which took us from the ATH range of $180B Market Cap..... we dumped again after a recovery was started and a few days now of SOME stability.

Sort of.

That DUMPENING and stability has continued based on original FUD news out of China -- and the FUD, news and related market response in the markets continue.

Questions linger in every market and region on interference by regulators who seek to tax and ruin everything they touch, as usual since government cannot sustain itself.


1st Half of Post: Current Events/Timeline.

2nd Half of Post: Recent History + Evidence


~4 days ago, ( 9/20/2017) on my last update in THIS particular series - that market cap number was down to $119B - something most of us never thought we would see.

Today is Sept. 24th, 2017 and the Markets are still up and down for the last few days now after that BLEEDING out.

Those 2 recent updates are here:

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd138b-market

https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-51-or-a-community-based-engagement-resource-for-everyone-sept-23rd-2017-basic-crypto


That means in ~16 to 20 days recently, we had lost btw. $30 and ~$60B in market cap depending on which day you are using as a point of reference, since it is up and down, every other day like a yoyo. (Sept. 2nd ATH of $180B market cap)

$129B today, for example for current Market Cap, as per in the title line.


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You can see this month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC: (1 mth. chart)

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CoinMarketCap.com Charts for the day, current 9:30 pm EST:

Top by Market Cap:

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Top by % Gains / 24 hours:

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In the recent past - and hopefully again -- we HAVE BEEN continually seeing records and ATH's (all time highs) being broken every single day, sometimes, within minutes or hours of something being broken!


~22 Days Ago on Sept. 2nd - we saw ATH's in Market Cap and BTC/Crypto's:


~22 days ago, on Sept. 2nd -- we were all MOONING with BTC right on the razor's edge of breaking $5k USD (in some markets it did) - and the huge ATH of (nearly!!) breaking the $180B market cap here:

https://steemit.com/bitcoin/@barrydutton/bitcoin-about-to-break-usd5k-or-usdbtc-in-canada-smashes-past-usd-6220-mark-or-usd-4980-usd-or-usd179b-crypto-market-cap-usd27b


Sometimes, this involves pullbacks or corrections. I rarely use the word "crash" as many of you know.

We are doing OK. This is what I have always said in all my posts / updates.


-- I think like others we have been overdue for corrections in the markets. But I do not think any of us forsaw the epic FUD news out of China coming - since they have banned crypto and unbanned it SO MANY TIMES.

Bitcoin and Crypto in general - has rebounded quicker each time with that news over time... it has been amazingly resilient!


We need to remember we are all still early adopters here and the markets and new people/money are finding their way here with us.


Some of my Recent Market Updates:

Newest to Oldest....Dating Back ~ 2 to ~20+ Days:


https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd138b-market

https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-51-or-a-community-based-engagement-resource-for-everyone-sept-23rd-2017-basic-crypto

https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-20-or-what-was-your-week-in-crypto-like-usd125b-total-market-cap-down-usd10b-day-or-community

https://steemit.com/steemit/@barrydutton/well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-still-leaking-red-or-the-numbers-speak-the-truth

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd138b-market

https://steemit.com/cryptocurrency/@barrydutton/bitcoin-in-canada-smashed-back-thru-the-usd5400-usdcad-mark-today-10-30-am-est-sept-18th-2017-or-a-fun-post-filled-with-hockey

https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-50-or-a-community-based-engagement-resource-for-everyone-sept-17th-2017-basic-crypto

https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-19-or-what-was-your-week-in-crypto-like-usd112-115b-total-market-cap-or-community-engagement

https://steemit.com/cryptocurrency/@barrydutton/well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-bleeding-out-red-or-the-numbers-speak-the-truth

https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-49-or-a-community-based-engagement-resource-for-everyone-sept-11th-2017-basic-crypto

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-recovery-continues-usd145b-market-cap-or-huge-market-swings-or-9-10-2017-or-brief-overview-and

https://steemit.com/cryptocurrency/@barrydutton/did-you-hodl-or-sodl-lol-or-e-18-or-what-was-your-week-in-crypto-like-community-engagement-series-or-still-includes-charts

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd161b-market-cap-or-usd21b-of-gains-in-2-days-or-9-6-2017-or

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd154b-market-cap-or-usd11b-of-gains-in-a-day-or-9-5-2017-or

https://steemit.com/bitcoin/@barrydutton/what-are-you-trading-today-and-why-or-e-48-or-a-community-based-engagement-resource-for-everyone-sept-5th-2017-basic-crypto

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-in-recovery-crosses-back-over-the-usd163b-threshold-mark-lots-of-green-in-the-markets-today-or-usd30b-in-market

https://steemit.com/bitcoin/@barrydutton/did-you-hodl-or-sodl-lol-or-e-17-or-what-was-your-week-in-crypto-like-community-engagement-series-or-still-includes-the-history

https://steemit.com/bitcoin/@barrydutton/bitcoin-about-to-break-usd5k-or-usdbtc-in-canada-smashes-past-usd-6220-mark-or-usd-4980-usd-or-usd179b-crypto-market-cap-usd27b


Good Times! Right??


PERSPECTIVE & RECENT HISTORY:


$150B Crypto Market Cap crossed 1st time ever: 8/23/2017!

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Remember we then JUST crossed the $160B Market Cap 8/28/2017 for the 1st time!

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I wrote about it right here

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We THEN crossed the $170B mark just days later after that on 8/31/2017 around noon UTC time / 8 am EST.

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And remember what I just wrote above near the start of this post ----the ATH range of NEARLY breaking thru the $180B Market Cap.....

-- Sept. 2nd here where you can see this month in brief, and the high point Sept. 2nd just before 10 pm EST / 2 am UTC:


We will be back there soon enough and upwards folks, it takes time to ride out some of the FUD and bad news (Fear, Uncertainty, Doubt) etc.


Corrections started BEFORE Sept 8th, 2017 - but the markets consistently dumped down to (now) Sept. 14th at the huge new low of ~$119B.


Remain Calm. History is on our side here.

Balance and Perspective is key here.


Thanks for reading, have a nice day.



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Some of my recent blogs:

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https://steemit.com/steemit/@barrydutton/steemit-101-or-e-25-basic-resources-to-help-you-on-steemit-or-for-all-the-new-people-arriving-daily

https://steemit.com/colorchallenge/@barrydutton/color-challenge-sunday-purple-or-my-friend-a-city-over-drafted-by-the-chicago-cubs-smashed-in-the-face-by-a-baseball-yep-still

https://steemit.com/life/@barrydutton/daily-digital-detox-a-steemit-community-life-series-and-reminder-or-e-41-or-intentionally-regularly-unplugging-my-quick

https://steemit.com/cryptocurrency/@barrydutton/breaking-darico-is-a-cryptocurrency-that-address-volatility-correlation-and-illiquidity-issues-plaguing-the-cryptocurrency

https://steemit.com/bitcoin/@barrydutton/crypto-101-or-video-andreas-antonopoulous-bitcoin-q-and-a-irreversibility-and-consumer-protection-4-mins-super-practical

https://steemit.com/freedom/@barrydutton/liberty-post-of-the-day-or-do-not-drink-the-mainstream-media-statist-propaganda-they-are-in-bed-together-forget-the-left-right

https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-51-or-a-community-based-engagement-resource-for-everyone-sept-23rd-2017-basic-crypto

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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.

Sort:  

I heard that chinas making it illegal soon to be trading in cryptocurrencies. Is that just a rumour?

It's been ongoing, there is some truth to it and some FUD and rumours, by all accounts.

I am just going to let you know, if you are upvoting all your posts like I have seen you doing the last while, it is draining your power to vote for others --- as well as your name will end up on the self voting lists.

It may lead you to being flagged by the system and bots here, that are flagging constant self voters and will counter your votes and harm your reputation.

So, kind of glad you are voting your posts to the top, because it will be the first thing people see and educate everyone together.

Great work!
Waiting for a new posts

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BarryDutton Barry Dutton tweeted @ 25 Sep 2017 - 01:40 UTC

#CryptoCurrency #Market Overview Series Cont'd: #Trading #Crypto $BTC $ETC $ETH $EOS #Bitcoin #LiteCoin #BitShares
steemit.com/cryptocurrency…

Disclaimer: I am just a bot trying to be helpful.

i am holding all cryptocurriencies

Sweet!

Thanks for the feedback today on here.

Been a really slow recover look forward to th next possible bitcoin fork then lets see what happens after that.