The cryptocurrency market rebounded somewhat last week, with the overall market increased by 9.7% to $326 billion. Bitcoin rose 14% to $8,500 while ether price increased 9% to $520.
We believe that the point of capitulation happened last week when the cryptocurrency market dropped 14% within 24 hours and that we are now close to the bottom.
In the last few days, we started seeing selective coins/tokens to break out, meaning that some investors are willing to put money back into the market.
However, the overall volume is still low. The market in general is still pretty nervous about more downside. It may take a while until we see a clear uptrend.
G20 leaders to hold fire on cryptocurrencies amid discord: https://www.reuters.com/article/us-g20-argentina-bitcoin/g20-leaders-to-hold-fire-on-cryptocurrencies-amid-discord-sources-idUSKBN1GV2QR
Trump Prohibits U.S. Purchases of Venezuelan Cryptocurrency: https://www.bloomberg.com/news/articles/2018-03-19/trump-prohibits-u-s-purchases-of-venezuelan-cryptocurrency
Binance, The World's Biggest Cryptocurrency Exchange, Is Heading to Malta: https://www.bloomberg.com/news/articles/2018-03-23/the-world-s-biggest-cryptocurrency-exchange-is-moving-to-malta
Twitter and Square's Jack Dorsey: Bitcoin Will Be World’s Single Currency: https://bitcoinmagazine.com/articles/twitter-and-squares-jack-dorsey-bitcoin-will-be-worlds-single-currency/
TMX to launch cryptocurrency platform focusing on Bitcoin, Ether: https://www.tmx.com/newsroom?id=650&lang=en
NYC hotel hopes to launch $400 million coin offering: https://www.cnbc.com/2018/03/19/kevin-oleary-new-york-city-hotel-hopes-to-launch-400-million-dollar-coin-offering.html
Bug Caught That Allowed Coinbase Users to Garner Unlimited Amounts of Ether: https://bitcoinmagazine.com/articles/bug-caught-allowed-coinbase-users-garner-unlimited-amounts-ether/
Governor of the Bank of England: Cryptocurrencies Do Not Pose Serious Risks: https://bitcoinmagazine.com/articles/mark-carney-cryptocurrencies-do-not-pose-serious-risks/
Articles From Crush Crypto
Origin Protocol ICO Review: https://crushcrypto.com/origin-protocol-ico-review/
* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.