Cryptocurrencies have been on a bit of a roller coaster ride as of late. After reaching all-time highs in December 2017, cryptocurrencies have seen a significant price decline. The total market capitalization of all cryptocurrencies has fallen from a high of $831 billion to a low of $236 billion.
Cryptocurrencies have bounced back somewhat in recent weeks, with the total market capitalization currently at $412 billion. So, is crypto going to go back up?
There are a number of factors …
Cryptocurrencies are on the rise again, with Bitcoin being the biggest gainer. After reaching a low of $5,856.01 on February 6, Bitcoin has since surged to over $8,000, representing a gain of over 36%.
Other cryptocurrencies have also seen significant gains, with Ethereum gaining over 20% and Ripple gaining over 30%.
This resurgence in the price of cryptocurrencies appears to be driven by a number of factors, including a crackdown on illegal activities by governments, increasing regulation of the cryptocurrency …
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Cryptocurrencies are stored in digital wallets, which are similar to bank accounts. These wallets contain a unique cryptographic key that is used to authorize transactions. If the key is lost or …
