Post
Topic
Board Trading Discussion
Weekly Review in Crypto Market
by
masterkrypto
on 06/08/2018, 11:00:20 UTC
Last week the market dropped, overall market cap decreased to $259 billion with BTC at $7.1k and ETH $410.

Review (from resource Crush Crypto):

"Started off the week at over $8,000, some investors worry that the highly anticipated Bitcoin ETF would not be approved until Q1 of 2019. Because the market has already absorbed this view, if the ETF is ultimately rejected, the negative market impact would not be as great because it is already priced in.
Although asset prices went down, there had been some encouraging development for the cryptocurrency space, including Starbuck’s support of cryptocurrency payment, and Intercontinental Exchange’s launch of a new company that supports Bitcoin products.
The continued positive development in the overall acceptance of cryptocurrency as a legitimate investment asset class is why we are constructive about cryptocurrency’s potential in the short and long-run."

With prices fluctuating but promising development in crypto acceptance, what are your thoughts and plans in the upcoming months?