Veckans kryptonyheter från Invictus Capital
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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Coinbase Valuation News
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The Shenzhen Court of International Arbitration has affirmed that China views cryptocurrencies as property. This means that a person can privately own and transfer ownership.
Vertex Invests in Binance
Vertex Ventures, who is a considerable investor in Asia, has made an investment in Binance
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