How long is the Cryptocurrency Market Going to Remain Stable
The cryptocurrency market is clearly volatile and unpredictable. The market has been stable, despite last week’s major news in the industry. Cryptocurrency industry observers will know that the last few days have seen mainly mixed performances by most major cryptocurrencies.
Although some have seen losses, nearly as many have experienced gains – meaning that the market as a whole has been rather stagnant.
However, the stability that the markets are experiencing in the last weeks can be related to institutions and wealthy investors accumulating cryptocurrencies.
These five days of stable market has given individuals a reasonable amount of time to help them plan their next moves financially and economically.
The cryptocurrency market remaining stable is therefore favorable in uncomfortable times such as now, where fans are still pushing for the SEC to make a positive decision regarding the Bitcoin ETF.
The total cryptocurrency market capitalization sits at around $216.9 billion, which means that it is still comfortably north of the psychological $200 billion barriers.
The cryptocurrency market’s stability most likely relies on people taking a relaxed approach to their trading habits. This can only happen so long as there is no major news which rattles investors.
Get Bitzamp Latest Update By Downloading our Mobile App: Bitzamp – Cryptocurrency News – Apps on Google Play