What is Pushing Crypto and Bitcoin to Plunge to Yearly Lows?

The total combined market capitalisation of cryptocurrencies continues to fall to new yearly lows despite ongoing improvements to the fundamentals of the space.What could be driving the prices of Bitcoin and other digital assets down in such a way?Fundamentals Never Looked BetterFrom a fundamental perspective, the cryptocurrency space has never looked better.Increased institutional options by the likes of Circle, Coinbase, and Blockchain, and the ICE recently announcing intentions to form the Bakkt platform with the likes of Starbucks and Microsoft by November 2018, are clearly positive developments. In fact, many in the cryptocurrency space were surprised that the latter project had not translated into a substantial price move to the upside.That said, the overall market is still tanking. The likes of Ethereum, EOS, TRON, IOTA, and NEO are the worst hit of the top 15 projects. They’ve seen 24-hour drops of between 9 and 11.5% according to CoinMarketCap. Evidently

Like this article? Take a second to support us on Patreon!