Cryptocurrency bear market news
Never mind the crypto bear market. Fidelity Investments is launching the Fidelity Subscribe to Financial News to continue reading. Crypto bear markets are a 'great time' to launch startups, industry execs say There are other things to look at beyond crypto prices, the COO. "Short-term momentum has shifted negative per a new daily MACD 'sell' signal," Fairlead Strategies' Katie Stockton said. HEDGING FOREX TRADESY
According to the graph, even long-term Bitcoin holders liquidated their shares at a loss of about 50 percent. Edris pointed out that this type of mentality might be witnessed when the market is set to bottom out and rebound. Has Bitcoin Hit Bottom? A recent Twitter post by Willy Woo demonstrated once again that the bottom has yet to be reached.
This is similar to a tweet he also made on September 14, a day after Bitcoin and the broader financial market fell Federal Reserve. In that tweet, Woo stated that only 52 percent of all BTC on the market has bottomed, but the previous lows reached 60 percent. The crypto may or may not have reached its bottom, but investors and traders are currently wary of a short-term rise.
And you can count Solana co-founder Anatoly Yakovenko among them. And just like the last bear market, a lot of teams that built and focused on product-market fit, and really tried to build amazing products—a lot of those succeeded, I think, in a very dramatic way.
The layer-1 blockchain network has also suffered three significant periods of downtime this year, including one last week , which Yakovenko addressed in the episode. But Solana has also seen growth and continuing momentum despite the macro decline and technical hitches. After debuting last year , Breakpoint is already considered by some to be a fixture on the Web3 conference circuit.
Yakovenko sees the event as an opportunity to take stock of everything in the Solana ecosystem over the last year: the good, the bad, and the ugly.
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