{"id":411602,"date":"2020-01-20T02:00:56","date_gmt":"2020-01-20T02:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=411602"},"modified":"2020-01-20T01:53:10","modified_gmt":"2020-01-20T01:53:10","slug":"true-bottom-crypto-market-established-bitcoin-crash","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/true-bottom-crypto-market-established-bitcoin-crash\/","title":{"rendered":"Has The Crypto Market Bottomed After Bitcoin’s 50% Collapse?"},"content":{"rendered":"
Bitcoin<\/a> and the rest of the crypto market didn’t have the best second half of 2019. Per data from TradingView<\/a>, the aggregate value of all publicly-traded digital assets fell from $388 billion to a low of $166 billion \u2014 a drop of nearly 60%.<\/p>\n <\/p>\n While this metric has been a clear downtrend for the past seven months (save for the past week), analysts are saying that there is a confluence of signs suggesting the bottom is finally in for crypto assets across the board, especially Bitcoin.<\/p>\n Cryptocurrency analyst Thies recently drew attention<\/a> to a clear sign that the bottom in the cryptocurrency market is finally here. He noted that according to TradingView’s Total2 trading pair (all digital assets sans Bitcoin), “last week alone showed the highest buying volume for the altcoin markets ever recorded.”<\/p>\n While some say that this data masks reality in part, there is no doubt there has been a lot of buying pressure in the cryptocurrency markets as of the past week, hence the absolute explosion in the price of Ethereum Classic<\/a>, Bitcoin Satoshi’s Vision<\/a>, and many, many others.<\/p>\n New weekly for #TOTAL2<\/a> opened just over an hour ago now. <\/p>\n That said, last week alone showed the highest buy volume for the alt markets ever recorded on @tradingview<\/a>.<\/p>\n As many may know, this is significant in market dynamics and suggests a true bottom established. Take note. pic.twitter.com\/9wFjxAXqVy<\/a><\/p>\n — Crypto Thies (@kingthies) January 20, 2020<\/a><\/p><\/blockquote>\nRelated Reading:\u00a0Watch Out, This New Bitcoin Scam Is All Over Youtube<\/a><\/h6>\n
The Crypto Bottom is In<\/strong><\/h2>\n
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