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The market is at a standstill, deepening the crypto winter freeze


www.chepicap.com 04 February 2019 04:00, UTC
Reading time: ~1 m

The market continues to move sideways with slight downtrends in most cases, continuing the longest bear market, according to data from Coinmarketcap

No Real Movement

Bitcoin is still hovering just below $3,500, and most coins are essentially unmoving, for the most part only going up or down by a percentage point or two, though most movement has been down.

Biggest Losers

The most significant changes have been a few notable losses. BSV is down about 3% over the last day, most likely due to reported snags with a proposed BSV mining operation between Square Mining and CoinGeek. Binance Coin is also down around 3%.

Additionally, XRP is down around 2.5%, reversing a recent upturn it was experiencing following news of a Ripple and SWIFT partnership.

Crypto Winter Continues

As many have already pointed out, crypto is experiencing the longest bear market in history, with today marking 420 days of long term downward momentum.

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