Crypto and Eth beaten, but “from pass to nuttata”
The prices of Ethereum and cryptocurrencies have suffered a significant retreat, by several percentage points, moreover in accordance with the trend of investments in other financial assets. The fear that comes from the East linked to the Evergrande crisis and the fears that financial assets are too high, compared to returns, did the rest. As mentioned, Ethereum also had a nice drop:
The decline was strong and also with a noticeable increase in the volumes handled. However, some news is not bad: according to intheblock analysts, last week a billion in Eth abandoned exchanges to go to cold storage.
A small record that signals how institutional investors believe in growth, so they get them out of exchanges. If the opposite happened it would be a sign that tokens are believed to be over valued.
So there is to wait. Are we and a "Deep" to buy? Who knows, this is also a question of faith …
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The article Crypto and Eth beaten, but “à da passà a nuttata” comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/cripto-ed-eth-bastonate-ma-a-da-passa-a-nuttata/ on Mon, 20 Sep 2021 20:52:43 +0000.