State of the crypto market – three days before jubilee !! 1/3
Yesterday Fully wrote that “One of Goldtent’s staunch supporters is requesting you give your latest review / feelings on getting into the Crypto Space”.
So be it. Here it is.
Three days before a MONUMENTAL date – the 50 YEAR Jubilee – (after President Nixon threw us under the debt bus) – 15.08.1971 – 15.08.2021, here is the state of the crypto market.
I cannot state this enough: we are at a key date for all the markets (bonds, gold, commodities) and especially cryptocurrencies that will be THE foundation for the next gen financial system.
After a big rise in Bitcoin from around 3000 to 60’000 $ the whole crypto market has been correcting lately. Since July 21 2021 it has market an important low and the market as a whole is on the rise yet again.
However, since 01.01.2021 the beginning of January, ALTCOINS have started to outperform the old King Bitcoin and after a timid pause (which you can see on the following Bitcoin chart – rising bearish wedge), dominance is rolling over and ready to collapse to new lows. In my opinion we are on the verge of the biggest Altcoin Season of the crypto history !!!