Almost seven years have passed since the then-largest Bitcoin exchange Mt. Gox declared bankruptcy. Apart from another $1.2 million in fees spent over the last six months, there are few updates on the progress made thus far.
BTC broke above the $11k resistance and continues to trend upwards. Market sentiment is also turning positive
A popular Twitter channel incorrectly reported a transfer from the “Mt. Gox cold wallet”, which may have exacerbated the deflation of the DeFi markets
Bitcoin These two weeks saw the Bitcoin market partially recover from the rough start at the beginning of the month.…
The global sell-off last Tuesday was likely the consequence of profit taking rather than the beginning of a new crisis. When it ends, a more balanced, albeit slightly bearish market will emerge.
The Fed’s position to maintain near-zero interest rates might push more investors to look towards crypto as an alternative investment
The meteoric rise of Overstock’s share price is probably linked to the progress of its security token exchange, tZERO, which has reached multiple milestones in the past months.
As a trader, before you select a trading platform, it is worth making the effort to understand the explicit and hidden costs of trading. Making informed decisions will be of great value in the long-run.
Week 36-37 Market Recap
KEY TAKEAWAYS The Winklevoss twins claim Elon Musk is trying to find gold in asteroids, which will impact the scarcity…