Tokenized News: Blood In The Streets
From fundamental analysis and insights of projects within the exponentially emerging digital asset ecosystem, to the latest news and updates about market conditions. Its my job to cover everything you need to keep up with this age of digital disruption.
Update
So, pretty much red all across the boards. Bitcoin fell down to about 33K before a slow recovery back upwards, as alts are facing a similar pattern in this recent downtrend. But this correction wasnβt just in the world of crypto. The SP500 along with the Nasdaq Index fell nearly 10% from its market open on Friday.
Now questions and opinions birthed from fear of this downturn have begun. Many are questioning if weβre in a bear market now, some are wondering whether the bottom is in yet, and some are starting to believe that this is the end for crypto as a whole.
Lets take a look at some of the possible driving factors that have caused markets across the world to experience pain.
Russia
Russia has been making some moves in the world of politics, initially the Central Bank of Russia had come out following their neighbour Chinas footsteps, by proposing a ban on the entire crypto industry as a whole from using crypto to mining crypto.
