Dear readers,

During the past week we have witnessed an unprecedent decline in the value of Bitcoin and altcoins.

Did the cryptocurrency market suddenly turn into a bear market ?

When we look at coinmarketcap.com website, we see that just between today 2nd February and yesterday meaning within 24 hours-$60bn of market capitalization just vanished! You might ask, where did this money go ? Well most probably as Bitcoin is losing its dominance, and altcoins are falling we are witnessing a slow mid-term bear market.

Most FOMO investors have been betting on the rise of Bitcoin, reaching a peak of $19,511 on Dec. 18 2017.

Since then there was only a steep downtrend and nobody knows where is the market heading to. Most probably cryptocurrency market prices are searching its bottom at the moment.

Here is explanation of the recent CRASH: