Strengths
Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Martin Shkreli, rising 714.06%.
Bitcoin rallied amid a broad, risk-on mood in global markets, trading above $22,000 for the first time since June 8 and testing the upper bound of the tight range where it's been stuck for the past month. Cryptocurrencies' resilience in the face of seemingly damaging news like last week's worse-than-expected U.S. inflation report adds to indications that the selloff that lopped some $2 trillion off digital assets may have run its course, writes Bloomberg.
Marathon Digital shares surged as much as 36% on Monday, reports Bloomberg, its biggest gain since February 2021. The move led a jump in cryptocurrency-related stocks as Bitcoin climbed above $22,000 to touch its highest level in about a month. Other crypto stocks that moved higher included Riot, Hut 8, Coinbase, and Hive Blockchain, just to name a few, the article continues.
Weaknesses
Of the...
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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...