Happy Friday Frens! πΈ
Follow @hexmostly to see more unique art across the #Web3 universe. βοΈπ
Two of his originals are in here.
Can you spot them?
Exclusive: The largest U.S. banks plan to launch a tokenized deposit network next year, an attempt to stave off threats from crypto companies https://t.co/rQJwUGFdpU
@CoinDesk How dare you share something optimistic, that could be signaling a bottom, while there is nothing but blood on these streets. Show some respect and let us ride to 0 in peace.
LATEST: More than half of all $BTC in circulation is now held at an unrealized loss, a signal that has coincided with every major bear market bottom in history.
This is the interesting part of the cycle.
In general, if #Bitcoin drops 10% in less than a week, you'd expect #Altcoins to fall of a cliff and drop 20-40%.
This didn't happen.
Some altcoins continue to print new highs, showcasing that there's a lot of appetite to be trading those assets.
I don't think we'll see Bitcoin cascade down a lot more from here, it's less than 10% away from the 200-Week MA and it's on a strong monthly support level with a daily RSI at <25.
If indeed Bitcoin decides to stall here, I assume we'll start to see way more altcoins break out upwards and start to show strength, as long as Bitcoin consolidates.
An altcoin summer, that's great.