After observing a massive growth yesterday, crypto currency observed 0.5% rise in last 24 hours. This reveals the stability of the market. Green colour dominance observed in market. This is actually a good sign for investors. Such move will help to building investors trust as a result we may observe more cash inflow in the Crypto space.
Crypto was under immense pressure after Security Exchange commission, USA filing a lawsuit against top chain Binance and Coinbase. It is good to see despite all the actions crypto bounced back really well. This is the beauty of crypto currency. Anything is possible here.
The good thing is that adoption of crypto is increasing on daily basis. Binance which was under the radar of SEC, USA has opened new exchange in Kazakhstan. This is a good move by CZ. Binance bounced back really well. Let's hope thing will settle down in next couple of months.
After a good gain, the question arise is this the end of crypto long bearish season. It seems so that it may be the end of bearish season but expectation is always there that the market may observe another dump.
Pump and dump is part and parcel of the crypto market. Crypto enthusiast frequently observe pump and dump situation. There is no need to worry if you are the long term investors. We often observed in the past that market bounced back after big dip.
The way banking system is collapsing reveals the importance of crypto currency. Crypto has bright future and it has tendency to replace fiat currency. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.