This week’s #crypto market analysis starts off with a somewhat calmer week for #Bitcoin after last week’s excitement. Its brief foray into $10,000+ btc price territory may have been fleeting, but it was glorious, and bulls look to be consolidating in preparation for another breakout. The question now is whether it can be sustained this time.
Altcoins are doing well. #Ether is looking strong and several #altcoins have enjoyed increased focus lately. The long-awaited #Ethereum 2.0 protocol upgrade, which will change the consensus mechanism to proof-of-stake (PoS), is expected to happen sometime this year and investors may be starting to position themselves accordingly. Plus the Miner’s Rolling Inventory (MRI) shows miners are offloading bitcoin holdings after the halving.
⏰ TIME STAMPS ⏰
0:18 Bitcoin storm brewing?
0:50 Ethereum 2.0
1:05 Bitcoin price analysis
2:10 Staking crypto
2:41 Crypto mining
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The content of this video is for information purposes only and is not investment advice or any form of recommendation or invitation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.