[NEWS] Market on hold?

Yay to all!

Glad to be back with you. I did not forget about you. The last week was a difficult one. I was not sure which topics to present and how to make sense of the market behaviours. Frankly, I am still not sure. So let's start the new week with the situation.

During the last few days we did see little movement in the overall capitalization. The Tradingvolume suffered a constant decline. We had an identical situation on March 29th 2018, that was followed by a sudden decrease of prices. What's different now? Well, back then Bitcoins held a marketshare of around 45%. Let's assume that this was caused by investors retreat into a currency that can be considered relatively safe. Compared to other cryptocurrencies, there was the best and likeliest chance of Bitcoin being the first to recover into old price-levels.
Now Bitcoins hold a marketshare of around 38%. If investors withdraw now, then the question is: Where to? Or is it, that currently most people who did invest into cryptocurrencies are putting there trades on hold? Waiting for something groundbraking that will start the price-rally? However the situation seems a little stuck. At least for now.

Hopefully you'll have a good start into your week.

Yours JP

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