An interesting week for crypto and the world economy in general. Prices for crypto have been up and down for the last few weeks. Many observers have been saying the trading indicators show that there may be a pullback in BTC given the markets are coming to the end of the year. Last night, it appears the indicators are turning towards another bull run with BTC moving back up.
There is also concerns about world stock markets with most at all time highs, given all of the stimulus and money printing appears to be going straight into the markets, either stocks or housing. It will be interesting to see how these markets go in the coming months, once the stimulus is slowly withdrawn and the markets start pricing each stock realistically according to earnings and business models.
There has been some interesting news out of the US as well, with some noise around making all wallets in line with KYC (Know your Customer) which may mean some crypto currencies and wallets relocate outside of the US.
Privacy coins have also been on the move, with Monero moving up, as they become more valuable as they cannot currently be tracked or monitored by mainstream Governments. Whilst many people thought privacy coins may decline due to the increasing regulation around identity, they have in fact become more popular as a result of their privacy and being harder to get a hold of these coins as more and more exchanges delist them.