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Markets Update: Cryptocurrencies Test Key Levels From 2017 Bull Trend

The cryptocurrency markets are trading at significant long-term price areas, with BTC currently channeling between key levels from the 2017 bull run. In other market action, BCH and ETH have continued to consolidate above the $100 area. Also Read: ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual

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$15.4 Billion of New Cryptocurrency Value Was Created During 2018

A report recently published by Diar has estimated that nearly $15.42 billion of value was added to the market capitalization of the combined cryptocurrency markets in the form of newly created tokens and crypto asset inflation during 2018. Also Read: Bitcoin Climbs up China’s First Crypto Ranking of 2019 12 Percent of

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Current Crypto Bear Market Set to Become the Longest Ever

The market downturn that has prevailed since early 2018 is now within weeks of becoming the longest winter in the history of the cryptocurrency markets. Despite being on course to become the longest downtrend in BTC’s annals, the current market has produced the weakest drawdown of the three major

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144 ICOs Launched During 2017 Failed Last Year

Coinopsy, a website that maintains an active catalog of “dead” cryptocurrencies, currently estimates that 264 altcoins failed to survive the 2018 bear market. Of the projects that did not survive to see 2019, more than half were launched in 2017 through an initial coin offering (ICO). Also Read: Last Year’s Altcoin

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Despite 2018 Bear Market, Top Crypto Markets Have Outperformed FANG Stocks Since 2017

Despite the 2018 cryptocurrency bear trend renewing gleeful predictions of bitcoin’s demise from mainstream financial analysts, the leading crypto markets have dramatically outperformed the ‘FANG’ (Facebook, Apple, Netflix, and Google) stocks since the start of 2017. Also Read: Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018 FANG Stocks Up Between

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