The digital currency ecosystem seems to be carving out a resistant path for itself recently, with the combined crypto market capitalization staying consecutively above the $1 trillion benchmark.
The market is now seeing impressive price recoveries across the board, with Bitcoin (BTC) surging past the $23,000 resistance point and Ethereum (ETH) charting a 30-day high of $1,774.58. Overall, the market is showing signs that the crypto winter may be wrapping up, but while investors may want to start bagging new coins in their portfolios, these three key expectations should stay at the top of their minds for August.
1. The Global Economy is not Out of the Woods Yet
One of the key reasons why the crypto ecosystem was nosedived was the inconsistency in the global economy. While the economy is still recovering from the onslaught of the coronavirus pandemic, Russia's invasion of Ukraine also contributed immensely to the strain on the global supply chain.
This economic instability has plunged...
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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...