It would appear there is very little to no positive momentum across the cryptocurrency markets right now. If the Bitcoin price is any real indication, things will not necessarily improve in the near future. With the value per BTC now on the verge of hitting $3,400, it seems there will be plenty of black snow during the Christmas holidays.
The year 2018 has been very problematic for all cryptocurrencies, albeit that is not entirely surprising either. After the mega bull run in 2017, a massive correction was bound to happen throughout 2018 eventually. This current retrace is not fun to watch, but it’s not the biggest setback Bitcoin has encountered to date. In fact, there has been a bigger drop several years ago, and BTC came out stronger because of it.