Cryptocurrencies have already reached their all-time highs

Cryptocurrencies have already reached their all-time highs

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During the last several months the price of Bitcoin has more than doubled and the price of Ethereum has increased by six times.

In June the cryptocurrencies reached their all-time highs – Bitcoin with $3,000 and Ethereum with $400. Just days later their values decreased by 25% in just 24 hours.

Cryptocurrency traders have got used to their prices drastically changing, but, according to hedge fund billionaire Michael Novogratz,  this time it can be a long-term decrease.

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