You are viewing a single comment's thread from:
RE: Total Market Cap fell from $179,710,000,000 to $142,290,000,000 in the past TWO DAYS!?!?!
shouldn't only Bitcoin be the one showing in red?
Why? How is this any different from a day when stocks are down across the board and every stock in the Dow Jones Industrial Average is showing red?
In general, this space hasn't followed the same trending properties as the Dow Jones. In most cases, the market cap isn't disappearing and alt coins go up when bitcoin goes down. Is this the result of China banning or potentially banning ICOs? What's really happening here?
Yeah, it might be China-related. On the China ICO story, @andyhoffman has a good post:
https://steemit.com/andyhoffman/@andyhoffman/andy-hoffman-9-04-17-chinese-ico-ban-the-most-bullish-imaginable-event-for-bitcoin
That was a GREAT read! Thanks for your replies and thanks for helping me find that article =)