Putting the cryptocurrency bear market into perspective
In a market that has seen its fair share of thrills and spills, what are investors doing to brave a crypto winter?
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AS THE saying goes: "What goes up must come down." This idiom rings especially true as the cryptocurrency economy hits a bear market. Following a surge in valuations and market cap growth in 2017, cryptocurrency markets have suffered a steep decline since early this year.
While vertiginous swings are not unfamiliar territory in this emerging financial market, the beginning of 2018 signalled a drastic turn of fortunes as crypto markets fell.
The current total market cap for cryptocurrencies is at about US$115 billion - down from US$400 billion since the market peak almost one year ago.
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