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A certain type of investor is exiting the crypto market for the first time, according to Genesis Trading CEO

by Frank Chaparro

November 19, 2018, 6:18PM EDT  ·  1 min read

Quick Take

  • Retail investors who bought at the end of last year led most market downturns for crypto in 2018
  • But the CEO of crypto trading firm Genesis Trading says investors who got in at the beginning of 2017 are now selling for the first time

by Frank Chaparro

November 19, 2018, 6:18PM EDT  ·  1 min read

A bloodbath is currently gripping the crypto market, but something unique is happening in this downturn, according to the CEO of crypto trading firm Genesis Trading. 

Earlier today, bitcoin prices fell from $5,556 to as low as $5,146, according to CoinMarketCap — a downswing of over 8%. The low represents a new bottom over the past 13 months, eclipsing the previous low of $5,158 on 12 October 2017 — extending the ongoing crypto bear market.