Crypto Daily News
Hello Folks,
Sunday!
Time to relax a bit from this exhausting week.
Looking back of past and future opportunity , so many news and informations to process correlated with brutal price action mostly gives us headache all the week.
Emotions are high, traders have no time to sleep for days, no time to digest informations and we are looking for the same amount of action next week.
Take a breath , elevate yourself from the ground and contemplate the scene below us.
What is Happening in Crypto space?
-Bitcoin had a 7 months bull run from september to march with more than 100% price increase.
=> consequently most altcoins to BTC ratio felt dramatically over this period but liquidity flowing into bitcoin was still going a bit to altcoins market allowing them to keep their $ marketcap stable :
-10 march ETF rejection had a brutal effect of liquidity distribution between Bitcoin to altcoins.
Bitcoin upside potential was not looking so bright anymore whereas altcoins was priced very low compared to fundamentals.
What are we looking for next week?
-Bitcoin unlimited Drama :
Bitcoin took a big drop in price and so far as predicted in my last blog post more % of BU block mined increase more BTC price decrease. As BU is looking to begin 1st april , we might see Bitcoin finding new bottom next 12 days.
=>Altcoins to btc ratio might continu to profit from the situation and reach new high
.30 march, Solid X is waiting for ETF approval decision.
Reasons for Winklevoss rejection could be apply aswell for Solid X bid to create Bitcoin ETF .
As most traders give very low odds for approval, speculation about this events should remain low and not affect bitcoin price enought to counter balance the Fork situation.
Market could be taken by surprise if Solid X is approved by ETF , then Bitcoin price will probably bounce up very hard.
-Gayscale is looking to create Etherum Classic investment trust,
waiting for approval to list on the NYSE Arca market before end of march:
https://grayscale.co/ethereum-investment-trust/
Take a break, reinforce your vitality,stack up some sleep, spend time with your beloved family and get ready for another crypto ride next week!
It was indeed a crazy week in crypto! Hope everyone is getting some well deserved rest this weekend, so the week ahead can be tackled with a fresh mindset. I have a feeling there are still more interesting times ahead!
Super interesting analysis, please continue posting and don't hesitate to make bigger analysis on more money, you knowledge is valuable, where you find it ?
Followed you.
Thanks for the support, appreciate it.
I keep digging for information every day, i am passionate about crypto space and love to share it with you.
knowledge is power.