Brutal Crypto Red Day… Despite the Good News Recently
A week ago we were riding high at bitcoin $8,200… now we’re threatening to break through $7,000.
I’m surprised, the market seems to be missing all the good news coming out.
The big news in my opinion…
First is that Northern Trust is helping hedge funds invest in cryptocurrencies and expanding blockchain into its business segments.
Northern Trust has over $10 trillion in assets under management and has all the biggest financial firms as clients.
Second is the Intercontinental Exchange(ICE), which owns the New York Stock Exchange, is going to open its own digital assets platform called Bakkt.
ICE is the biggest exchange operator in the world.
And third, Coinbase is looking to expand its Coinbase Custody coin list by 37 coins, including XRP, EOS, and XMR.
This makes it easier for institutional investors to invest in cryptos.
Overall, lots of goods news, but the markets are down… it doesn’t make sense.
and trade cryptos on Binance
I'm sure we will see the market cover up and get to very high prices by the end of the year
Agreed... might just have to wait until summer is over ;-p
It should jump IMO.
8 months ago the same type of news will be triggering the fireworks...
Exactly... don't make sense
Hard to be prepared for this.
You're right. Good news don't seem to matter in this bear market. It's alright with me. I'm buying crypto now on the cheap. It will go up in valude. I have no doubt.
Soo many bears
i so hate to see those red days
yea been a tough year so far
Market fatigue. Folk tired of being dumped on.
Yea, that gets old quick!
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