Even though the cryptocurrency market is traded throughout the world, 24 - hours a day, 7 - days a week, it seems that a cryptocurrency
wide market correction is taking place amid the Holiday season in the United States.
This drop accompanied
the wider market correction that wiped billions of dollars of value from the cryptocurrency market, which has fallen from around $ 829 billion to $ 490 billion in two weeks.
When looked at against a backdrop of
the wider market correction, however, the dip is relatively small.
Not exact matches
This was clearly the case with the Russia and East - Asian
market collapses in 1998 and the more recent
corrections in the U.S.
markets that have in turn affected the trading behavior in other
markets world -
wide.
This is one that's drawn a huge amount of attention over the last six months, both from the perspective of investors / traders and the
wider media, and it's one that's going to continue to do so as the current
correction bottoms out and the bitcoin and
wider cryptocurrency
markets stage a recovery.
While the more bullish side of the
markets expect this
correction to reverse near term, its impact has been felt in the
wider cryptocurrency space to a pretty substantial degree.
Any sign of a
market -
wide correction has been absent, for its value has soared to over $ 830b not even 24 hours later — according to historical data.