Latest cryptomarket trend and what to do with that information?
The big disappointment and losses are carried by the cryptotraders, who chose the HODL strategy for themselves and had deals for the purchase of altcoins during the last several weeks.
In addition to bitcoin -3.42% and other stablecoins, the charts show a continued decline, which began in July, and is part of the overall trend of 2018. After all, most cryptocurrencies continue to fall. Even the external news background has a rather weak effect on the growth dynamics of the cryptocurrency.
We are able to observe more and more positive news about the intention of large financial institutions -1.38% , such as HSBC 0.00% , Barclays or Goldman Sachs, to start trading cryptocurrencies. They also promise to launch trading in future via Ethereum -6.66% contracts on the CBOE 0.61% exchange, which should expand the functionality of transactions and attract billions of investments.
Bankers from Wall Street also do not stand aside. For example, one of the largest american banks Morgan Stanley -1.10% is technically ready to offer its customers to trade bitcoin -3.42% .
Similar news is becoming common for users interested in the crypto market. But in fact they are breakthrough and should help restore the capitalization of the cryptocurrency market, which is becoming more mature every month. But now the cryptomarket does not have the best time, because its capitalization is approaching $200 billion, although in January it was 4 times higher.
We can only hope that this situation will change in the near future and the cryptocurrency market will become stable and dynamic.
So now the best option is to hold all your coins/tokens and do not sell without big need.
In addition to bitcoin -3.42% and other stablecoins, the charts show a continued decline, which began in July, and is part of the overall trend of 2018. After all, most cryptocurrencies continue to fall. Even the external news background has a rather weak effect on the growth dynamics of the cryptocurrency.
We are able to observe more and more positive news about the intention of large financial institutions -1.38% , such as HSBC 0.00% , Barclays or Goldman Sachs, to start trading cryptocurrencies. They also promise to launch trading in future via Ethereum -6.66% contracts on the CBOE 0.61% exchange, which should expand the functionality of transactions and attract billions of investments.
Bankers from Wall Street also do not stand aside. For example, one of the largest american banks Morgan Stanley -1.10% is technically ready to offer its customers to trade bitcoin -3.42% .
Similar news is becoming common for users interested in the crypto market. But in fact they are breakthrough and should help restore the capitalization of the cryptocurrency market, which is becoming more mature every month. But now the cryptomarket does not have the best time, because its capitalization is approaching $200 billion, although in January it was 4 times higher.
We can only hope that this situation will change in the near future and the cryptocurrency market will become stable and dynamic.
So now the best option is to hold all your coins/tokens and do not sell without big need.