BTC has seen some rough days in its roller coaster ride. So those who delve in BTC would be aware of its volatile nature. However over the past few weeks BTC and other cryptocurrencies have been north bound.
Experts believed that a correction was due. However the current fall in the BTC price has led to the other cryptocurriencies to crash as well
This correction means massive erosion in the value of cryptocurrencies.
In the current correction market capitalization of cryptocurrencies fell to as to $91.4bn .This is a decline from an all time high of $117.2bn
This is a 20% drop and is hurting a lot of investors who entered at the high end of the price range.