Cryptocurrency Market is still Volatile

Cryptocurrencies have made a crazy run over the last few months. Some doubling, tripling, or even quadrupling in prices. However, you have to keep in mind that if a currency is this volatile on the way up it is certainly volatile on the way down. Will be interesting to see if this sell was done strictly to manipulate the market or if we will continue to see these types of drops as other investors begin to sell off large chunks as the market becomes over inflated.

The crypto markets (like the current equity markets) are not rational, so the price may go up another few hundred percent before that will happen. Once a few ICO projects don't deliver investors will start selling, leading to a decline in prices. And once that bear market starts all the companies that did token sales may liquidate their ETH (most are hoarding it right now, that's the main reason for the fast increase in price). We're not there yet, so enjoy the ride while you can!