The market remains calm, despite this week's CPI numbers and a few other events.
The cryptocurrency market has been just as calm as the cover photo for this newsletter.
Seven days ago, Bitcoin was trading below $26K, and by Monday, the cryptocurrency had tumbled toward $25K. Fortunately, the bulls made a stand and recovered the price in a decisive Bart-shaped chart formation. It’s been “up-only” since then, and the price is now found at $26,250. Ripple is down 1.9%, BNB – 1.2%, Ethereum – 1%, Solana – 4%, Cardano – 3%, and so forth. Of course, there are those who increased. These include TRX, which is up around 6%, and Toncoin , which is this week’s best performer from the major altcoins, charting gains upwards of 8.5% for the week.This is all you need not to miss any price action in the raging crypto markets.
Coinbase CEO Brian Armstrong defended decentralized finance , arguing that it has no place under the purview of the United States Commodity and Futures Trading Commission. This, of course, was somewhat expected.
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