Kvarn X: Crypto in Downtrend, watching $53,000

“Finding a local bottom above $53,000 would be a very strong signal for the cryptocurrency market.” This is one of the key points highlighted in the latest weekly newsletter from Kvarn, a Finnish cryptocurrency trading platform.

October 11, 2024
Kryptovaluta
Marked
Kvarn X: Crypto in Downtrend, watching $53,000

Recap of the week

The newsletter Kvarn Pulse opens with a concise recap of the week’s market activity:

“During past seven days, the cryptocurrency market has moved sideways without a clear direction. Cryptocurrency prices rose over the weekend, peaking on Monday. Following this, prices dropped back close to the levels seen a week prior.

The price of Bitcoin, the largest cryptocurrency, rose by about one percent, while Ethereum, the second-largest cryptocurrency, increased by approximately two percent. The combined market value of other cryptocurrencies (excluding the largest stablecoins) rose by about three percent.”

Key Questions and Topics

In this newsletter, Kvarn explores several important questions and topics, including:

  • How deep will the current downtrend go?
  • Where is the next local bottom?
  • A comparison of gold and PAXG

"Week by Numbers" is a weekly newsletter from Kvarn, published every Friday on LinkedIn.

‍

Kvarn X: Crypto in Downtrend, watching $53,000

“Finding a local bottom above $53,000 would be a very strong signal for the cryptocurrency market.” This is one of the key points highlighted in the latest weekly newsletter from Kvarn, a Finnish cryptocurrency trading platform.

October 11, 2024
Kryptovaluta
Marked

Recap of the week

The newsletter Kvarn Pulse opens with a concise recap of the week’s market activity:

“During past seven days, the cryptocurrency market has moved sideways without a clear direction. Cryptocurrency prices rose over the weekend, peaking on Monday. Following this, prices dropped back close to the levels seen a week prior.

The price of Bitcoin, the largest cryptocurrency, rose by about one percent, while Ethereum, the second-largest cryptocurrency, increased by approximately two percent. The combined market value of other cryptocurrencies (excluding the largest stablecoins) rose by about three percent.”

Key Questions and Topics

In this newsletter, Kvarn explores several important questions and topics, including:

  • How deep will the current downtrend go?
  • Where is the next local bottom?
  • A comparison of gold and PAXG

"Week by Numbers" is a weekly newsletter from Kvarn, published every Friday on LinkedIn.

‍

Relaterte artikler

Bitcoin over 60.000 USD; hvordan kom vi hit?

Etter at Bitcoin-kursen denne uken passerte 60.000 USD, har vi i et ferskt nyhetsbrev spurt: Hvordan kom vi hit? Her deler vi en historie om kryptovinter og kryptovår, om opp- og nedturer, men vel så mye om hvordan det bygges og bygges og om hvordan kryptoindustrien nå for alvor møter klassisk finans.

The Financial World is captivated by Tokenization of Real World Assets

Tokenization of Real World Assets (RWAs) is making the headlines in the international financial media, both within and outside of the crypto industry. Why is this? We have invited Lise Wessel and Thomas Tallis to shed some light on this trend. But also to give us some examples from their own project, Tvinn, where they are preparing to launch a platform for tokenization of RWAs, starting with gold.