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Realism Is the Only Answer in a Crypto Downturn
From reports.tiger-research.com
Bitcoin has fallen below $70,000. Among the top 100 cryptocurrencies by market capitalization, only seven remain above their 200-day moving average. This stands in contrast to the Nasdaq 100, where 53 constituents are still trading above the same threshold. Market conditions cannot be resisted. Still, some crypto assets manage to endure even in the worst environments. Their resilience cannot be easily dismissed as the result of artificial market making or a coincidental rebound. A closer look at their trajectory suggests a different explanation. These projects no longer rely on vague visions or technical complexity ... (full story)
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