- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Matrixport: Current Crypto Concept Stock Institutional Participation is Insufficient, Stock Price May Further Consolidate in the Short Term
BlockBeats News, August 20th, Matrixport released a new report on social media stating that after a strong 18-month rally, crypto concept stocks have entered a consolidation phase. Over the past 18 months, the crypto concept stock index has significantly outperformed Bitcoin. However, with recent pullbacks in the stock prices of leading companies such as MicroStrategy, Coinbase, and Metaplanet, the index has begun to show signs of a correction. The cooling of buying interest after Circle's listing further confirms the lack of momentum in the new stock market.
Analyst Markus Thielen stated that the current low institutional participation may reflect seasonal weakness in the summer. Without the support of major crypto IPOs, prices may further consolidate in the short term.
You may also like
Gainers
Latest Crypto News
「Buddy」 Enters Swing Trading Mode, Engaging in Ethereum Buy High, Sell Low Strategy and HYPE Longs
BlackRock Address Received 16,629 ETH and 300 BTC in the Last 10 Minutes
OpenSea's CMO Denies Alleged Coinbase Leak of OpenSea ICO Information
An entity has claimed 20% of the IRYS airdrop through a cluster of 900 wallets, and has already sold $4 million worth.
Solana Ecosystem Meme Coin WOJAK Market Cap Surpasses $60 Million Briefly, Surging Over 38% in 24 Hours
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App