Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Michael P. Regan takes the temperature of the crypto market:
Doge Days of Summer
There’s that number again: $20,000. After its worst ever drawdown in market-cap terms from a high last November to an 18-month low in June, Bitcoin has done … well, not much of anything. A sleepy summer has seen the largest and oldest cryptocurrency fluctuate aimlessly, trading roughly between $19,000 and $25,000 and frequently landing back in the vicinity of that round-number level of $20,000.
In a glass-half-full reading of the price action, this could be seen as good news. At least the bleeding has stopped, and the trading range corresponds with a change of tone in crypto news flow. The headlines are way less hair-on-fire than they were in the spring as the failure of the TerraUSD stablecoin project infected various corners of the market. Crypto...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...