In the world of digital currencies, crypto winter has had a deep impact on the market – leading to an overall decline in prices and causing uncertainty among investors. Recent reports have shown that Bitcoin’s price dropped from around $20,000 per coin at its peak in 2017 to below $3,500 by December 2018. Other popular altcoins such as Ethereum saw similar declines. Analysts have attributed this market correction to highly speculative investments during the latter part of 2017 coupled with regulatory uncertainty from governments worldwide. In addition, numerous hacking incidents targeting exchanges and wallets resulted in investor losses, leaving many wary of future investment opportunities. Despite recent small gains in some coins due to positive news reports and increased institutional interest, most analysts agree that it is too early to predict whether the crypto market will begin recovering soon or if further drops are yet to come. via /r/CryptoMoon https://ift.tt/cE8Kdfg
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