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| Date | 10/26/2023 1:16:57 PM |
After experiencing a meteoric rise in 2017, the crypto market has been on a downward trend for the past two years. The cryptocurrencies, value of Bitcoin, once trading above $20,000, has dropped precipitously, standing at just over $7,000 in June 2019. Major cryptocurrencies, altcoins such as Ethereum, Ripple, and Litecoin have also seen their prices collapse, with Ethereum falling to its lowest point since the fall of 2017. While this has been a discouraging period for crypto investors, the market appears to be stabilizing. As of June 2019, the total market capitalization of all cryptocurrencies had been increasing for three consecutive weeks, suggesting that the cryptocurrency bear market may be coming to an end. Recent developments that signal a potential boom The past few months have seen a cryptocurrencies, number of positive developments in the cryptocurrency world that suggest the crypto market may be poised for a boom. One o
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