In our weekly look at the Bitcoin and Crypto price charts this week Lisa N Edwards and Didi Taihuttu share their thoughts on price movements and the some of the fundamentals at play.
Shares were mostly lower in Asia/Pac today on concern over a resurgence of coronavirus cases and with pessimism after Wall Street posted its worst week in three months. Is the Crypto market mirroring these markets? The main markets here in Asia/Pac Tokyo, Sydney and Shanghai all fell after China reported an outbreak of new infections in Beijing and reimposed precautions to prevent it from spreading. Weather you think covid is real or not unfortunately it is going to play havoc with the markets. Stocks are turning wobbly as investors re-evaluate their expectations for economic growth, which many skeptics have been saying were overly optimistic. I believe Bitcoin and Crypto will decouple and soar at some point but when will that be? The three of us agree the traditional markets are broken and will dump dramatically at some point, any day now in my opinion. We discuss this is todays video along with analysis of the charts of the Crypto and traditional markets. We feel understanding both the macro economic environment and Crypto charts is important and aim to help in your education on this. Of course, this is not financial advice you need to do your own research. Please leave comments as to what you would like to see in this show. This show is free and is not a revenue generating exercise. With this in mind we appreciate your support by subscribing to the channel and liking the content.
Foe me the big news of the week was the Fidelity report giving a detailed breakdown of institutional interest and investment in digital assets. You can get more commentary on that here.
Bitcoin is the clear asset of choice but Ethereum is certainly being talked about with growing frequency. With this in mind we will be producing a weekly show on the main talking points in the Ethereum ecosystem so be sure to subscribe to our youtube channel for that. The first show airs every Wednesday.