It has become more than apparent the current cryptocurrency price momentum is not doing too many people any favors. With Bitcoin getting battered, things start to look progressively worse for Ethereum as well. Its value hit double-digits again yesterday afternoon, but it is now struggling to remain above $85. This is going from bad to worse in very quick succession, and the worst may not be over yet.
These are not the most encouraging or pleasant times to be involved in cryptocurrencies. Especially people who bought at the peak in 2017 may wonder how they could miscalculate their investment in such spectacular fashion. There has been no improvement ever since that time, and the momentum only grows more bearish as time progresses. It is not unlikely the total crypto market cap will drop to $40bn again like in early 2017.