The latest cryptocurrency news show that the crypto and Bitcoin markets were not the only ones that suffered losses throughout the past year and recorded consistent declines month by month.
In fact, every major asset class has been sinking over the past year and recording major negative returns or unchanged performance. This is the conclusion of a new report published by CNBC that summarizes the performance of markets this year.
As the report shows, the activity of trading shows a series of shorts on stocks, commodities, corporate bonds, government debt and literally every other asset class available in markets around the world.
A few weeks ago, the Morgan Creek founder Anthony Pompliano pointed out that the S&P 500 lost more than $755 billion in approximately 4 hours of trading as the general market showed no signs of stopping.
The S&P 500 lost almost $755 BILLION today.
That is more money lost in a single day for public equity investors than all crypto investors combined this year.
The math don’t lie! 🤷🏽♂️
— Pomp 🌪 (@APompliano) December 4, 2018
For cryptocurrencies, the year has been more than just negative. Nearly 80% of their value has been lost since December 2017 last year. In total, about $700 billion of market capitalization has been wiped off as investors brace for a so-called crypto winter in the absence of any optimistic predictions.
The only winning options this year have been commodities such as natural gas, wheat, cocoa, oats, palladium and corn.
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