Yesterday, 29th of November, Bitcoin, Ethereum and other cryptocurrencies including Dash established new price records. Bitcoin’s top price throughout the day reached almost $11500 when Ethereum stopped rally at $518 per one coin level. This insane growth made thinking people really worried about short-term perspectives of cryptocurrencies.
As we also predicted before in our previous articles, institutional actors will probably fix their huge profits soon. The correction has started in the evening yesterday – Bitcoin and Ethereum prices lost 20%. Nevertheless, they have already done a step ahead. Bitcoin returned to $10000 level, Ethereum’s current price is $450.
Rally continues, but we have to admit that another wave of correction can hit cryptocurrencies soon.