17 June, 2024

Monday was very light. Strong declines, in altcoins just panic. And redemptions, in Bitcoin even with a break of the day's high.

Triggers for growth? Look at the S&P (+1%) and the NASDAQ (+1.5%).

Today was listed ZK over $5b FDV.

Arthur Hayes has started to tout APTOS and is painting a distant 1-3 year outlook for APTOS to overtake Solana. Hayes is just peddling his opinion.

Basically there is negativity in Bitcoin from miners, but we need to sort it out, so far I see too similar reports of maniers capitulating and that we will soon see a string of bankruptcies. Looks like paid for FUD to me.

Tomorrow, US retail sales are the main report of the week. In the news, it will be interesting to listen to the speeches of the Fed members, there will be many this week.

Tether announced the launch of gold-backed tokens.

More than $100 billion has been raised for cryptocurrency startups since the end of May 2014.

South Korea is tightening cryptocurrency regulations, there is talk of delisting several hundred tokens, so far only at the discussion stage.

In general, the market has worked according to the scenario from yesterday's review, but I did not expect such a significant decline.

Now I expect the growth to continue and we may see a new round of declines on Wednesday over the weekend in the United States.