From the potential for a Bitcoin comeback to an upcoming announcement from IBM and Stellar, here’s a look at some of the stories breaking in the world of crypto.
Veteran technical trader Peter Brandt, who accurately predicted the crash of Bitcoin in January of 2018, is drawing a parallel between the current market and BTC’s price action from late 2013 to early 2015.
The chart below marks a series of peaks and valleys that look remarkably similar, suggesting that if history repeats itself, the year-long bear market may be coming to an end.
— Peter Brandt (@PeterLBrandt) February 23, 2019
Meanwhile, crypto analyst Joseph Young says that although the price of BTC remains in decidedly bearish territory, three factors could signal the market has reached a bottom.
Crypto is still deep in bear market as Bitcoin is at $4k and it’s too early tell but a strong case can be made that it reached a bottom.
1. Volume recovering (BTC $8 billion daily)
2. CME BTC futures record high volume
3. Institutions investing in crypto ($237M in Grayscale)
— Joseph Young (@iamjosephyoung) February 23, 2019
The latest ConsenSys-sponsored Week in Ethereum blog post is out.
This week’s edition covers a slew of developer updates and news on a number of Ethereum-based platforms, including FunFair, Augur and Golem.
Ripple and XRP
Ripple has released its full interview with European Parliament member Eva Kaili from its recent Ripple Regionals conference in London.