Bitcoin Lands Back in the Twenties
Altcoins turn bullish too
Nice week for Bitcoin.
The asset is up about 2% in the last seven days and just under 5% in the last month. That puts the asset well above $20,000. Altcoins have fared well too, with Ethereum trading at about $1600, Algorand surging above $.40, Polygon now at around $1.20, and Cardano at about $.40.
In a market like this, any gains are welcomed.
The point is to stay the course. Stick with the plan. Don’t lose focus. Invest wisely.
And don’t just take it from me. The road ahead is likely rocky.
Markets like this are made to lull investors to sleep. People get sick of anemic gains and minimal movement. The trough seems long and deep and oh so endless.
But keep moving forward.
Speaking of moving forward…
Keep an eye on Meta this week.
Fresh off a disastrous miss for earnings, Mark Zuckerburg’s company is expected to layoff thousands of employees in the next few weeks. WSJ broke the story on Sunday, and things are expected to get bloody quickly.
As I mentioned in last week’s newsletter—Facebook’s transition from a social media company into one focused squarely on the metaverse has left investors and users confused at best.
And since crypto, tech, and the nascent metaverse are tied together right now… this could have big implications for crypto.
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.