Leaky markets
Over the past two days, the volume of the market capitalization of digital currency has decreased by almost $ 25 billion. The total market cap at May 24 reached the level of $ 90 billion., Today this figure is $ 67.2 billion.
Against the background of falling prices cryptocurrency prices, Bitcoin's market share increased slightly and now stands at 50.4%. This suggests that most market shares fell in the alt-coin market.
If we look at the top 10 digital currencies in terms of market capitalization, we can see that last night all major alt-coins lost more than 20% of their value
According to CEO of Waves Aleksandra Ivanova the deep correction was quite expected, and that it should be seen as a good opportunity, and not as a "catastrophe":
It is a sensible correction. Wait a little bit and it will be a great point to enter Bitcoin again. Recall that in recent days lot of new cryptocurrency noobs were responsible for this unprecedented growth in the market. Heavy selling and the taking of profits by these noobs as well as us old dog saw to this price correction!