Crypto Week in review
The bull run was in full swing during the past week. Bitcoin, other major cryptocurrencies, and tokens all went up substantially. We are also glad to see that our call on Ether’s breakout turned out to be correct :)
Bitcoin went up by 13% compared to the previous week to $8,800; Ether price appreciated by 29% to $465. The total market cap for cryptocurrency is now $280 billion, which expanded by 20% over last week. All of these numbers are at all-time high.
While it is nice to enjoy the gains, we should take an active approach in our portfolio construction. If you have too much exposure in altcoins, consider shifting some allocation back to the major coins to reduce the volatility of your portfolio. Remember, be greedy when others are fearful and be fearful when others are greedy!
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