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Bitcoin News Roundup for March 17, 2020
NFTs for sale on Gemini, market muddles and a blockchain for toilet paper? It's CoinDesk's Markets Daily.
Ni John Biggs
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Today's Stories:
Bitcoin Volume Gains Traction After 24-Hour Roller-Coaster Ride
Retail Investors Are Buying the Bitcoin Institutions Are Selling, Traders Say
Ethereum Community Grapples With Coronavirus as EthCC Cases Tick Upward
Gemini's Nifty Gateway Bets on Celebs to Drive Interest in Crypto Collectibles
Corona Virus got our school CANCELED so my mom called a meeting pic.twitter.com/r5j17FjfZj
— TyBott (@TyBottOfficial) March 14, 2020
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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