Altcoins News
By Maheen Hernandez
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Mati Greenspan, when commenting about the recent spike in volume stated, “more meaningful moves” were seen hand-in-hand with the high volumes.
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A crypto volume reading at a whopping $35 billion is a “level not seen since last April.”
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It was the highest volume day in 2019 on Monday showing staggering volumes, which were spiking through the roofs in several notable exchanges.
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Kevin Rooke in his tweet explained how the $9.9 billion in exchange volume on Monday was the highest reading ever since May 3, 2018.
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These monumental volumes have created a new belief that a further breakout in on the dice. However, there are a few crypto pundits who have predicted a probable pullback in…
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Recently, a leading crypto analyst stated that it was the “altseason” where other kinds of cryptocurrencies would outperform Bitcoin.
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Despite the positive note from the different analysts, it is not the least breath for the bearish market.
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The strong sentiment data has now led to a situation where none of the cryptocurrencies exhibit a negative daily sentiment.
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When looking at the 50 largest cryptocurrencies only Ox, Paxos, and Decred show a negative daily sentiment.
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Joe DiPasquale, CEO at BitBull Capital, stated, "While we are very optimistic about the long-term prospects of Bitcoin and the crypto market, we agree that the bear market is not…
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He elaborated stating, "We believe there will be a steady rise of Bitcoin through the year, passing $5K by the end of the year."
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The bear market has not retreated, and it is very much actively in play. In any investment market, the bears do not go away.
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With ICOs having caused losses in millions with just a few success stories, it continues to be one of the most evolved crowdfunding mechanism.
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Retail investors are already scared about the market trends; however, institutional investors are stepping in to establish their dominance in the market.
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