Market Analysis: Investors maintain confidence in crypto, but are anxiously eyeing industry developments that could sink prices further. GWilliamsJr_CMT reports
While the recent spike in price volatility is subsiding, don’t expect institutions to re-enter crypto markets with any force just yet.
But this latest twist is odd given investors previous concerns about a lack of volatility that has plagued markets for months. Where previously we saw significant price agreement between the $19,000 to $20,000 range, the recent turmoil has pushed that level of agreement down.For ETH, the spikes in price agreement are appearing at both the $1,200 and $1,100 level.
“Right now, most of the institutional investors we talk to are content to sit on the sidelines and just wait...they haven't sworn off the space, but they're not doing anything in crypto right now especially against this macro backdrop,” Ben McMillan, CIO of digital currency index provider IDX Digital Assets said
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