Not for the faint of heart, crypto giveth and–lately more often than not–taketh away.
As the private business world and government regulators continue to stumble toward coherent reactions to the rise of crypto tech in many areas, we continue to see crazy price moves. If you like volatility, you’ll LOVE crypto!
The unfortunate aspect of the flashy Bitcoin bubble-crash cycle is that it threatens to negatively brand and disrupt the real business value inside blockchain, which means true benefits of this tech may take longer to gain market acceptance.
Ethereum has broken several major support levels and continues to slide at the time of writing. If the rout continues it could well head back to late November levels around $450. Looking at the brighter side, in March 2017 Ethereum was less than $40, however if it gets anywhere near that again a lot of investors will have lost a lot of money over the past 12 months.