Cryptocurrency Market: Trends are Showing Bearish Prospects


Cryptocurrency markets have been under pressure over the last week albeit extensive support from market activities and bullish price bets. The total cryptocurrency market capitalization continues to trade in the range of $400 billion as market trends aren’t supporting bulls stance.

Traders aren’t giving weight to Goldman Sachs move into the cryptocurrency market along with increasing adaptation from Wall Street. Intercontinental Exchange (ICE) ICE recently announced it will launch cryptocurrency trading while NASDAQ has also been showing their interest in the cryptocurrency sphere.

Bitcoin currently trades around $8,400 after hitting the $8,200 level during …

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