With the seemingly large void of good news, the market can be looking for anything that can be catalyst for the reversal of this ongoing downhill trend.
there's good news all around. a few examples:
-the lightning network just hit 10k nodes for the first time.
-"the first crypto-derivatives-based yield fund on the market" just launched with custody provided by fidelity.
-asian institutional investors are showing increasing interest in digital assets and crypto hedge funds.
-bitfinex won a small victory against the NYAG. an appeals court ruled they didn't need to comply with a previous order to turn over documents.
but since the market crashed, everyone focuses on bad news because they are trying to rationalize why the price dropped. we don't need good news to turn the market around. what we need is for people to stop selling.
