Crypto Markets See $13 Bln Price Spike in One Hour, Despite Negative BIS Report
From Cointelegraph
Most of the top 100 cryptocurrencies by market cap are seeing gains today, June 18, with both Bitcoin (BTC) and Ethereum (ETH) up about 4 percent on the day to press time, according to data from Coin360.Read more: https://cointelegraph.com/news/crypto-markets-see-13-bln-price-spike-in-one-hour-despite-negative-bis-reportTotal market capitalization of all cryptocurrencies is around $289.2 bln at press time, spiking up $13 bln in one hour and reaching levels only slightly less than its weekly high around $300 bln on June 12.
It's been a rough year for crypto investors. It's always nice to see a strong buy spike to signal there might be an end in sight to the bear market. Unfortunately we are heading into summer when markets traditionally slow down as the northern hemisphere takes time off to enjoy that beautiful weather. My worry is that if we dont see one last big rally soon we won't see one until the end of August or beginning of September.
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Time to buy some good crypto.
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When markets stops falling even on bad news, it’s a sign that the downtrend is out of steam.
Behold, a big upmove is on it’s way.
Who cares about BIS? The most corrupted bank in the world
Who cares about BIS? The most corrupted bank in the world
I'm thinking Sept. too. Going to be a summer of accumulation.
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