We haven’t looked at cryptos in a while. My general point is a simple one: they seem to have found (or “discovered”, as the economists would say) their price. Funny how that works, when a government isn’t trying to manipulate prices.
Liquidity moves markets!Follow the money. Find the profits!
But the fact is that the entire crypto experiment seems to have sort of wheezed and gasped to a natural price point. Just look at these formerly dynamic charts and how they’ve all snoozed their way to a steady price point.
If that wasn’t enough to convince you, take a look at volume. Here is the dollar volume of Bitcoin, for example. It is literally about 1% to 2%, depending on when you check, of its former peak volume. One can only imagine how many hundreds of businesses were funded during this mayhem which wound up doing absolutely zilch.
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