Cryptocurrency Market Reflects Stagnation Seen in Traditional Markets
Scroll DownCurrently, Bitcoin remains stuck in a rut below the $3,500 mark. A few signs point toward the cryptocurrency rising above that value in the near future. The cryptocurrency isn't expected to make major moves upward or downward in the near future, though. In fact, markets in general remain stagnant with no end in sight for the downturn. Most analysts believe cryptocurrency markets as a whole will rise at some point in the future. When Will Cryptocurrency Markets Start To Be Active Again? Nobody knows for sure when that upswing will start to materialize, though. Major cryptocurrencies remain in a holding pattern. For instance, Ethereum and Litecoin, among other popular coins, haven't moved more than a percentage point or two lately. Only a handful of relatively small cryptocurrencies have managed to make gains in this market. WAVES increased three percent within the past few days, marking the only notable change. More Traditional Markets Stuck In A Rut As Well Then again, other financial markets seem to be stuck in similar territory. Oil prices haven't budged much in recent days. Global stock markets haven't moved in a meaningful direction either. Investors across the globe await a change in pace, preferably in an upward direction. At this point, we might see another few days of uneventful happenings in the markets, at least as far as oil and traditional investments are concerned. Are Cryptocurrency Markets Headed Upward Ever Again? Sadly, cryptocurrencies won't see much forward momentum in the short term. No major analyst expects the markets to pick up for at least a few months. Many of these analysts anticipate a market climb rather than a crater, though. On the backend, most major digital tokens continue to develop and grow from a technical standpoint. Investors continue to receive more positive news than negative news, too. It's, therefore, a safe bet the markets will recover in due time. Most of 2019 may see Bitcoin and other tokens hover within a small value range. By year's end, the markets could start to see regular gains once again, like in 2016 and 2017. That's not a guarantee, but more people believe in long-term growth rather than long-term loss.
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