{"id":344671,"date":"2018-01-20T12:31:45","date_gmt":"2018-01-20T11:31:45","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/market-gets-back-on-its-feet\/"},"modified":"2018-01-20T12:31:45","modified_gmt":"2018-01-20T11:31:45","slug":"market-gets-back-on-its-feet","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/market-gets-back-on-its-feet\/","title":{"rendered":"Market Gets Back on Its Feet"},"content":{"rendered":"<div id=\"\">\n<p>For the umpteenth time, Bitcoin was\u00a0declared dead this week\u00a0as the cryptocurrency market took a major dive in value. Bitcoin dipped below $10,000 as others followed suit with even bigger drops as the panic spread about a burst bubble.<\/p>\n<p>However, the negative charts across the board took a positive turn as most of the numbers turned green across the major coins. The crypto market has generally been in a downturn since\u00a0Bitcoin hit the $20,000\u00a0mark, but this recent collapse ignited genuine fear and panic.<\/p>\n<h4>Bloodbath across the board<\/h4>\n<p>As the adage goes, a\u00a0rising tide floats all boats, and conversely, the same happens when the tide drains. In other words, when Bitcoin is up, many coins follow, but as it has been in the last week, the entire\u00a0cryptomarket took a hit as Bitcoin led the way\u00a0in loss of value.<\/p>\n<p>In fact, most of the top 10 cryptos, and the more established and well-known ones fell harder than Bitcoin, leaving nowhere for digital currency investors to flee &#8211; other than out.<\/p>\n<p>There was a large outflow of money from the cryptocurrency market in these recent days, with the global cryptocurrency market cap dropping from over $700 bln to $400 bln.<\/p>\n<p>It was rounded out that Bitcoin\u2019s fall &#8211; from about $14,000 to just under $10,000 equated to a 30 percent swing, which, looking back in history is\u00a0relatively normal and expected.<\/p>\n<p>Bitcoin faced three similar, if not\u00a0bigger drops in 2017.<\/p>\n<h4>Bouncing back<\/h4>\n<p>While not out of the woods yet, the crypto market definitely looked a lot&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/redice.tv\/news\/green-light-for-crypto-market-gets-back-on-its-feet\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the umpteenth time, Bitcoin was\u00a0declared dead this week\u00a0as the cryptocurrency market took a major dive in value. Bitcoin dipped below $10,000 as others followed suit with even bigger drops as the panic spread about a burst bubble. However, the negative charts across the board took a positive turn as most of the numbers turned [&hellip;]<\/p>\n","protected":false},"author":2520,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-344671","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/344671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=344671"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/344671\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=344671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=344671"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=344671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}