SVET Markets Weekly Update: April 17th to 21st, 2023

2023-4-24 15:00

In his weekly column, investor and entrepreneur Svit Svitlo provides his overview and interpretation of the last week's significant macroeconomic events, and their impact on crypto markets in the near term.

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Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months

The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market has been trading lower for eight weeks, making it the ‘longest continuous series of red weekly candles in history.

2022-5-25 02:00