2020-2-29 23:00 |
What one of the worst weeks in recent history can teach us about market fundamentals, featuring prominent crypto trader Scott Melker.
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Some analysts say GBTC’s discount is narrowing because investors are pricing in the SEC’s approval on several pending spot Bitcoin ETF applications.
After months of brutal downtrend, it seems that bulls are returning to the Bitcoin (BTC) market. Since the leading cryptocurrency hit $6,400 earlier this month, bulls have taken control of the asset, pushing it from those multi-month lows to as high as $7,700 just this morning prior to a 4% drop.
The crypto asset known as Chainlink or LINK, has been the talk of the cryptocurrency market for much of 2019. The asset has strongly performed even while other altcoins struggled, and often outperformed Bitcoin at times throughout the year.
After months of lull, Ethereum (ETH) has entered the consciousness of crypto traders once again, finding its legs for really the first time this year. Since hitting $170 in early-September, the cryptocurrency has rocketed higher to peak at $225, to then recede to its short-term support at $215 where ETH is trading at today.
Coinspeaker Bakkt Is to Keep Pushing Bitcoin Even FurtherCrypto sector has been waiting for the launch of Bitcoin futures trading platform Bakkt for a long time now. This should happen finally at September 23.