Cryptocurrency bears are still clawing away at digital asset prices on Sunday, June 24 as most of the digital currency market values are down between 3-12 percent over the last 24-hours. The top cryptocurrency market held by bitcoin core (BTC) has touched a triple bottom at $5,832 during the early morning June 24 trading sessions. The last two times BTC dropped to these price ranges was in November 2017, and last February. Some traders believe a third bottom indicates significant support and cryptocurrency prices could capitulate after breaking through resistance levels.
Triple Bottom Achieved: What's Next for Crypto-Markets?
When will the 2018 cryptocurrency bear market end? Will digital currency markets experience a bear run every four years? These are the questions many traders and speculators are asking as some are in desperate search for that ever elusive 'bottom.' Cryptocurrency market prices are pretty low today on June 24 as the entire market capitalization of all 1600+ digital assets is around $242Bn at the time of publication.
As we mentioned above the last time prices were this low was back in February of this year and November 2017. However, even though 2018 has been a rough year so far there has been a lot of new infrastructure announcements, a wide variety of investment vehicles and trading platforms, new applications, and innovation taking place on the sidelines as everyone is hypnotized by the falling prices.