Like Roller Coasters? Then You Loved Cryptocurrencies in 2Q

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Like Roller Coasters? Then You Loved Cryptocurrencies in 2Q
Despite the second quarter's volatility, expect to see a significant increase in institutional capital entering the crypto industry.

Investors know there are risks involved with cryptocurrencies. Still, the second quarter was particularly volatile.

Case in point: In early March bitcoin (BTC) was trading for more than $11,450, according to ThirtyK data provided by CoinMarketCap. Less than a month later it was down as low as $6,472, off about 43 percent of its value. A turnaround in the second half of April and early May lifted bitcoin to about $9,900. Alas, last week the cryptocurrency slid again, finishing at around $7,690.

As a result, this past weekend brought a tsunami of selling, causing both bitcoin and ether (ETH) to dip 12 percent. Almost all of the other 100 largest cryptocurrencies suffered double-digit percentage losses, too, erasing tens of billions of dollars from their market cap.

Full Story: https://thirtyk.com/2018/06/13/crypto-2q-volatility/
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