The cryptocurrency market can not yet determine the direction and it requires new drivers to exit the current equilibrium.
Care from the life of a sign for the Figure Industry, John Macafi, who in order not to be in the arms of American femides allegedly committed itself, will serve as a reason for continuing the revaluation of the established disposition. After an unsuccessful attempt to entrenched below $ 30,000, a wave of eliminating short positions and purchases from the ARK Invest Katy Wood Caliber Figures, Anthony Plisano and Michael Zononshtein to continue the growth, which is hinting technical analysis. It takes at least some kind of feedback from the news of the positive sense, but it is not yet, which led to the suspension of the rise and transition to the Range.
On Wednesday, Bitcoin again had pressure, this time from the bank of international settlements. Current situation, as it is impossible to suit the presentation of the National Digital Currency Report. They do not need competition from the projects like Libra (DIEM) from Facebook, nor from BTC. The central banks were determined — the future for CBDC, while cryptocurrencies are a «speculative asset, not money,» adding all those mantras about financial crimes, which have already been uttered repeatedly.
The «Old Guard» was connected: Professor Nasim Taleb and Specialist in Bubbles, Jeremy Grantham. But the market was calmly perceived that it was impossible not to put into the asset.
Focus is still in the Chinese direction. The Foundry USA Chapter promised that the migration of miners would not happen overnight and may be burdensome, so it is impossible to exclude new sales of accumulated coins. But not now, at the moment the market is oversold and companies seem to be waiting for more favorable conditions.
Can help both external background. The Fed signals the beginning of the discussion regarding the normalization of monetary policy, but they try to reassure the market and they managed to (at least before the next report on the labor market on July 2). Therefore, if the pressure of the sellers does not return, by the end of the week there will be new waves of closure of short positions, the magic of TEXANALIA will show itself.
Santiment celebrates long-term foundation of the cryptographic mood index in the FUD area, which, as a rule, leads to a rebound.
To develop the channel, your support is important to us, subscribe to the channel and put like.