The decline of electronic currencies is worse than the bubble "dot com"
12 September 2018 02:17 PM
Mubasher : The decline of electronic currencies at the present time, estimated at 80% is worse than the bubble "dot com" at the beginning of this century.
The index, which tracks the performance of 10 electronic currencies, was 80 percent lower on Wednesday than at the beginning of the year.
The decline is currently outpacing the decline suffered by the NASDAQ index at the time of the dot.com bubble, which was estimated at 78%.
Contrary to expectations of investors and many analysts last year that electronic currencies will see further gains in 2018, these currencies suffer from a bout of sharp decline this year.
After nearly $ 1 trillion in market capitalization at the end of last year, that value has now fallen to $ 187 billion.
Electronic currencies have seen a tightening in the circulation of legislators within the governments of many countries around the world through the issuance of laws aimed at reducing or limiting trading.
The currency of the "ethrium" led the losses of electronic currencies today, and by 11:10 am GMT fell by about 11% to $ 172.
The "Betacon" currency dropped 0.9% at $ 6280.7, while the ruble fell to $ 0.27765.
Petcown also fell by 10.6% to $ 417.8, and the OOS currency fell 2.4% to $ 4.9.