Bitcoin [BTC] and other cryptocurrencies’ chance at major recovery in 2019 is low, says Anthony Pompliano

The year of 2018 turned out to be massive roller coaster ride for Bitcoin [BTC] and other cryptocurrencies. The year witnessed all the coins take a downward trend right after reaching their all-time high. Majority of the top currencies plunged by over 90% and Bitcoin [BTC], the largest cryptocurrency by market cap, dropped by over 80% since its all-time high.

The downtrend of the market not only crushed the investors hope but also several projects, with some of the top projects lay-off almost half its employees. This year, on the other hand, started with Bitcoin and other cryptocurrencies taking the upward trend, which was sustained in the market for a couple of days. During the same timeframe, several coins started to regain their previous position in the market. However, this short-term hike came to an end this week as the coins plummeted in the market within a fraction of minutes.

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The post Bitcoin [BTC] and other cryptocurrencies’ chance at major recovery in 2019 is low, says Anthony Pompliano appeared first on BlockBoard.

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