El Salvador became the first country in the world to adopt bitcoin as legal tender and the cryptocurrency markets remained in a downtrend 📉 for the week.
Here’s a snapshot of the top cryptocurrencies by market capitalization and their price changes on June 18 alone; over the last week Bitcoin has lost 3% and Ethereum has lost 4.5% of their respective market caps.
The overall market is still quite fearful and the experts the next few summer months to be quiet.
Coming up to halfway through 2021 we are kicking off the first of a weekly series on the state of the digital asset markets. This is not investment advice.
The Bitcoin, Ethereum, and entire cryptocurrency markets have remained in a bearish downtrend since the markets turned sour in April and continued to go down in May.
The transition into a downtrend market has been quick and can be seen most easily for us through the change in the Fear and Greed Index. …
Attempting to demystify open source investing. This is not investment advice; educational content at best.