{"id":3346,"date":"2018-11-25T16:57:22","date_gmt":"2018-11-25T16:57:22","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=3346"},"modified":"2019-09-09T10:11:44","modified_gmt":"2019-09-09T09:11:44","slug":"capitulation-of-bitcoin","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/11\/capitulation-of-bitcoin\/","title":{"rendered":"Capitulation of Bitcoin?"},"content":{"rendered":"

2 min read<\/span><\/i><\/p>\n

\"BITCOIN
\nThe bear market has seen the price of bitcoin<\/a> decline more than 75% from all-time highs set in January. It is defined as a period of depressed activity and sentiment. A total of $60 billion has been erased from the value of all cryptocurrencies over the last week. That’s why many are wondering if the ongoing bear market for the asset class has finally come to an end. <\/span><\/p>\n

Bitcoin makes up more than 50% of the entire cryptocurrencies market, in terms of total capitalization. Our prediction is that the bear market may end when bitcoin bulls refuse to cede more ground.<\/span><\/p>\n

In the same period, traditional assets were down too. DOW had worst Thanksgiving week since 2011, oil is down 30% in 7 weeks, FAANGs (Facebook, Apple, Amazon, Netflix,\u00a0and Google) is down almost 40%.<\/span><\/p>\n

But somehow, for many people, FAANGs get more attractive as they fall and Bitcoin gets less.<\/span><\/p>\n

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