Crypto Market starts to recover?
Crypto Market starts to recover?

By raven | Investment | 22 Nov 2019


At some point this morning the only coin in the top 100 that was green was Molecular Future (MOF) -- if we ignore the stablecoins. Now there are 5 more coins on the positive side in the last 24h: ERC20, Digitex Futures Exchange (DGTX), Synthetix Network Token (SNX), Matic Network (MATIC) and Crypterium (CRPT).

On the other hand, Tezos was the only gainer in the top 50, but it succumbed to the pressure and turned red now.

Although most coins tend to follow Bitcoin when it falls sharply, not all coins do so. But it seems that in prolonged bearish periods even the coins that have done fine during the beginning of the dump start to drop eventually.

The overall outlook of the market is bearish, the total crypto market cap is falling sharply, from $235B last week to $188B now. On the other hand, Bitcoin dominance is slightly up in the last few days, indicating that in the fear people are abandoning positions in alts faster than they are in BTC.


raven
raven

I've heard of bitcoin a long time ago, but only recently I became interested in investment in general, which brought me to the world of cryptocurrencies. I am also interested in learning to develop blockchain applications.


Investment
Investment

In this blog I will talk mainly about cryptocurrencies and other forms of investment. The intention is to share and discuss ideas, so do not take any of this as investment advice.

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