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09 July 2020

Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’ | Market Updates Bitcoin News

Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’ | Market Updates Bitcoin News


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Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’.

The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion.

Digital currency supporters can safely say that so far, crypto assets have performed extremely well since the March 12, 2020 market carnage, otherwise known as ‘Black Thursday.’ The entire crypto economy of over 5,000 cryptocurrencies is currently worth $255 billion using today’s exchange rates.

The stablecoin tether (USDT) is the fourth largest market valuation today and the USDT market is worth $5.74 billion.

While the 50-day and 200-day MA had shown a definitive golden cross, the market trade volume just hasn’t been enough to push prices forward.

Unfortunately, the BTC chart indicating the formation of a golden cross, was meaningless this time around?

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Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 1 month ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

sentiment (-0.3) Negative

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