Bitcoin Emerges Victorious From The Crypto Crash
Cryptocurrencies have started the year poorly, dropping about 30% over the past three months. Many have fallen below key long-term indicators, like the 200-day moving average, entering a deeper bear market.
US president Donald Trump’s announced strategic crypto reserve falls short of his bold election promises, including “bitcoin is going to the moon”, “crypto is going to define the future”, and “the US [will be] the crypto capital of the world.” Expectations were too high, and many cryptocurrencies have since lost the gains made after his election win.
The crypto market is in…
