Topic: [2018-10-14] - Crypto News of the Week – Week 40 & 41 (Read 166 times)
I think that the market sentiment is largely negative. Since the beginning of the year we have been seeing lower highs and lower lows. Due to this common opinion that 6000 is the bottom we've temporarily stopped seeing lower lows, but we're still seeing lower highs and if i'm correct we're in the longest period without a bull run attempt this year. Last one ended on 2 Sept.
Week 40 and 41 have been two stable weeks, at least until this Thursday, if we are to calculate in terms of price changes. Bitcoin initially kept a stable position between $ 6500 to $ 6650, something that is the same as in week 39. On Thursday, Bitcoin and the market went down from $ 6500 to $6300 and it remains at the same level today.
The sentiment in the market seems to continue positively, as did at the end of week 39. Several market players have stated that they believe the bottom is either close or reached. In other words, the cryptos community can hope for a potentially bull-run in the near future. Should we look back in time, December has proved to be a good month for price growth for cryptographic exposures previously.
One thing that is certain is that more and more news within blockchain and cryptocurrencies involves big and serious companies. News about agreements and general focus in the field is now much more central than pure price and project speculation. A healthy sign for the ecosystem!
Here are some of the current news in the last two weeks, along with some good reading material.
The sentiment in the market seems to continue positively, as did at the end of week 39. Several market players have stated that they believe the bottom is either close or reached. In other words, the cryptos community can hope for a potentially bull-run in the near future. Should we look back in time, December has proved to be a good month for price growth for cryptographic exposures previously.
One thing that is certain is that more and more news within blockchain and cryptocurrencies involves big and serious companies. News about agreements and general focus in the field is now much more central than pure price and project speculation. A healthy sign for the ecosystem!
Here are some of the current news in the last two weeks, along with some good reading material.
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