IMO as an expert

The former Goldman Sachs partner & Galaxy Digital founder, Mike Novogratz, has revealed that he expects crypto to 'flip next year' in an interview conducted by Financial Times on Friday, November 23, 2018. Currently, Bitcoin (BTC) is trading at around $4,300 after facing monthly low.

Tom Lee, the co-founder of Fundstrat, now goes by his reduced 2018-end Bitcoin (BTC) price malnourished target of $15,000, revealing that the rapid fallout from a market collapse in technology stocks is putting a lot of pressure on virtual currencies.

Bitcoin (BTC) prices and trading volume might continue diving, and the latest bear market could continue for more than a year and a half. That's a realistic assessment from Arthur Hayes, CEO of BitMEX, the globe's biggest BTC trading platform.

Since the creation of the first crypto coin, the digital currency market has changed drastically. Some virtual coins have disappeared, while others have evolved with amazing rapidity. For example, Bitcoin dominance is nearly 53% now, with over $112 million market cap.

The futures markets are in full swing and price action on the Bitcoin trade has garnered a tremendous amount of activity over the past few weeks. The transaction memory pool has become filled with outstanding transactions to confirm. The average amount of transactions per block is close to an all time high. Bitcoins market dominance has dropped from a recent high on December 7th of 64% to now treading above 50% as the altcoin market has exploded this past week.

As of October 12, 2017, the capitalization of the cryptocurrency market has reached $162 billion.