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The market data is provided by the HitBTC[1] exchange.
Goldman Sachs, one of the biggest investment banks in the world, is taking the plunge into the exciting world of cryptocurrency trading[2]. The bank’s decision was made because of the overwhelming client requests.
This is a very positive sign for the crypto market’s future along with the news about analysts from BlackRock, an American global investment management company, leaving[3] the firm to fund a Blockchain-focused venture capital fund. Other places where the banks or institutions are still pondering over their decision, the analysts are quitting[4] to open their own ventures. Investors plowing money into these funds shows a growing interest.
After the decline from the frothy levels in December 2017, the investors are getting a favorable entry opportunity. In the past few weeks, the volatility has also reduced[5], which is an added attraction to get in early.
While the number of crypto optimists has increased, there is no dearth of the naysayers as well. Economist Nouriel Roubini continued his criticism[6] of cryptocurrencies. While he may have forecast the 2008 Financial crisis correctly, his crypto prediction seems to be way off.
But there are positive predictions as well. Alexis Ohanian, a co-founder of Reddit, claims that Ethereum is on its way to $15,000[7] this year.
We already hold a few positions. Let’s see if the charts present us any fresh buying opportunities?
