| This week the market experienced a slight move downwards which can be seen as a healthy correction. The overall trading volume is also dropping, which signals the fear of traders who aren't sure if the trend has changed and if the recent gains don't represent a sort of a trap. In addition to this week's market performance, the cryptocurrency community saw plenty of drama as infamous Craig Wright aimed at leading Twitter crypto guros for denying his claims that he is the real Satoshi Nakamoto. Major cryptocurrency exchange Binance, propelled by the vision of its CEO Changpeng Zhao (CZ), announced that it would delist Wright's Bitcoin SV. Shapeshift, another popular digital asset exchange also followed that step. Meanwhile, we saw signs of mainstream talks related to the cryptocurrency market, as well as to blockchain technology which could be interpreted as a bullish sign. Tax reports period in the United States has also ended, and there are no impacts on the cryptocurrency market. On another note, the craze around Initial Exchange Offerings (IEOs) is also continuing to trend, and it's impossible to ignore the fact that most of them are vastly successful when it comes to raising funds, but also to making notable investment returns. This has translated to additional hype around the market. In terms of individual performances, Tezos went up 15 percent throughout the last week and managed to occupy the 16th spot from the top 100 cryptocurrencies. To summarize, this week saw a little more red on the price charts, but the positivity and the optimism in the community don't fade away but instead continues. It's also worth noting that we are only about one year and one month away from the Bitcoin halving event, and we are already seeing the topic gaining traction. | 
BTC: $5082
ETH: $162
XRP: $0.32
No comments:
Post a Comment