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To Alex Tapscott, managing director of the digital asset group at Ninepoint Partners, the current market environment is similar to December 2018 when bitcoin (BTC) hit a then-all-time high in the winter of 2017, and 2018 began “a long period of contraction” in terms of the value among crypto assets. Source
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Good morning. Here’s what’s happening this morning:Market moves: Bitcoin remains around $57,000 a day before the U.S. Thanksgiving holiday while tether’s discount to the Chinese yuan mostly recovers from the extended shock of China’s September crypto trading ban.Technician’s take: Initial signs of downside exhaustion could stabilize the intermediate-term uptrend from
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