Article published at Global Crypto Press
In October, cryptocurrencies had the least volatile month of the year. In what turned out to be a calm before the storm, their prices crashed in the following month. The price of Bitcoin, Ethereum, and Ripple declined by 35%, 42%, and 19% respectively. The combined market capitalization of the cryptocurrencies declined from $235 billion to below $130 billion in the month.
December has started with the currencies in the red. As of 4 th December, the currencies have declined by 7.2%, 8.10%, and 6.0%. Year-to-date, the currencies have lost more than 80% of their value.
This article will look at some of the key things to look at as the year comes to an end.