This year has certainly been a tumultuous one for cryptocurrency. What started off with a bang ended with a whimper as the entire market shed 84% and $700 billion exited the scene. To round out 2018 we will look back at key events in what has been the year of the bear for crypto.
The crypto-sphere was awash with chatter of ‘moons’ and ‘lambos’ in early January when all crypto assets were hitting new all-time highs. The turning point was January 7 when total market capitalization peaked out at $830 billion according to Coinmarketcap. From that day to this, the bears have dominated things and all digital currencies have fallen back to their lowest levels for around 18 months.