Ethereum has held support for now as global equities found a foothold. S&P 500 as well as vNikkei futures may be bottoming. Notice also that Ethereum is in a 40-day cycle trough zone (semicircle) in chart and RSI has counted a five wave down structure, which points to maturity.
Preferred view remains for a move up back across the range and another attempt at a breakout c 3,450.
BTC has soared past US$21,000. Also, Justin Sun is looking to spend a billion dollars on DCG's assets, India's RBI head is calling for a complete ban on crypto, and more.
There were US$433 million entering digital asset products last year, down 95% and 90% from US$9.1 billion in 2021 and US$6.6 billion in 2020 respectively.
There has been little action around the two main cryptocurrencies in the past month, and Bitcoin’s dominance of the crypto market still stands at 40.15%. The question on everyone’s minds is whether the crypto market has bottomed, and how long it will take for confidence to return.
2022 has been a tale of two halves for the crypto industry. Here are the most inspiring quotes from crypto industry leaders that haven’t exactly aged well.
This decision reflects Thailand's ongoing efforts to navigate the complexities of regulating the crypto industry.
FTX is auctioning off its $7.5 billion worth of SOL in the hopes of fetching a higher price than the original liquidation plan of direct sale.
Hong Kong officials are considering delegating crypto licensing powers to a self-regulatory committee
AVAX could embark on a strong bullish run from the current price level with rising bullish sentiment in the spot and futures market.
