ETF-marknaden > Ekonomi

Torsdag, 29 Oktober, 1:35

ETF-marknaden24 maj 22 kl. 23:01

Crypto’s Turmoil Cooling Off, The Race to find Metamask’s Competitor Gears Up, and More ..

Bitcoin
Bitcoin · Foto: Wikimedia Commons


The state of the weakening dollar gave a glimmer of hope for a relief rally, conservatively lifting both equities and crypto. Within the cryptoverse, large caps remained steadier than previous weeks as Bitcoin was seen ranging between the $28.5K-$31K, meanwhile Ethereum wicked down to the yearly-low major support level at $1700 only to rebound, sweep the $2100 resistance level and continue oscillating within this range. The total crypto marketcap gained roughly 6% following the turbulent week that saw the collapse of the Luna token and its counterpart UST stablecoin.
Now, even though the valuations of some of the market’s blue chips has returned to levels not seen since late 2020, it still seems that further drawdown could be on the table.
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