Market Finally Starting To Recover? Total Market Cap Climbs Towards 400 Billion USD Again
Market Recovering Finally?
After plunging below 300 billion USD, the total market capitalization for cryptocurrencies is rising once again. Is it a bull trap or are we finally seeing the bottom of the latest correction/crash?
Personally, I'm inclined to think that we're going to see the market drop a bit more still. However, that being said, it does appear that the latest market cycle is coming to a close. Which means we might start to see a return to slow and steady growth to previous all time highs and beyond.
Remember, markets are a mechanism of transferring wealth from the impatient to the patient. So don't get too caught up in the day to day ups and downs.
Where do you think the market is heading in the next few weeks? Let me know in the comments below. And give me a follow for more crypto news and updates. @phil917
Thanks to the SEC and the CFTC hearing today, which went really well, things are finally looking good for cryptocurrencies!!!
By the way, I wrote an article on the hearing, feel free to check it out and leave an upvote!
https://steemit.com/cryptocurrency/@stevensteel/christopher-giancarlo-chairman-of-the-cftc-just-defended-cryptocurrencies-in-front-of-the-congress
Thanks, I'll give it an upvote. Looks like we write about similar topics. Give me a follow and I'll follow back! @phil917
Yup! I followed you - would love if we could connect on Steemit and support each other on this journey!
Likewise! Followed ya back
Awesome! Looking forward to more collaboration opportunities with you in the future!
When it's up to a trillion again we are going to the moon! HODL NEO!! You won't be sorry :)
HODLGANG