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Veckans kryptonyheter från Invictus Capital

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2018-11-02 21:08:12

Bitcoin experienced a quick drop from $6400 to the low $6200s and rebounded back to the $6300 level, but it is ultimately still ranging. The market is still to decide if we will continue this bear market or undergo a reversal.

Several alts have experienced positive price action against bitcoin and this has traders excited. The relative gains are mainly due to bitcoin's current historically low volatility.

For the last few years, BTC has delivered positive returns on a rolling year-to-date basis. Unless we see some positive price action soon, however, this trend may just come to an end.

Hugo May, Invictus Capital


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