Blockchain of Broken Dreams
Crypto traders have been walking a lonely road that no one knows how low it will go. Wall Street has been closely checking the vital signs of the cryptoverse and the good news is that it is still alive. Bitcoin’s shadow is not the only thing rallying today as US stocks bounce back after a disastrous trading week sent it to bear market territory.
For the longest time, it seems bitcoin hodlers were walking on the boulevard of broken dreams. The last part of this historic crypto plunge was not just a de-risking Wall Street moment as many traders start to have a super bad feeling about the economy, but large parts of the crypto markets are seeing stress, including blockchain investments. Surging borrowing costs, margin calls, and excessive leveraged speculation helped accelerate the selling pressure over the past two weeks. The entire cryptocurrency market is seeing some buyers emerge as the selling pressure may have been overdone.
Crypto is not going away...
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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...