Bitcoin continues its downward trend to around $38K. With bitcoin going down, altcoins are going down harder. Even with some good news regarding eth upgrade or cardano developments, the altcoins prices are just going down, making the accumulation period longer and longer. On the positive note, the number of wallet owners are getting bigger hence making a strong foundation for the next rally.
To compare, stocks prices are falling on more bad news regarding russia and ukraine. People are starting to realize the economic implications of the sanctions not only to russia but also to the rest of Europe as gold prices are rising.
The prices of bitcoins and friends are at:
Bitcoin ( BTC ) - $38,055.65 / IDR 551,251,000.00
Ethereum ( ETH ) - $2,531.66 / IDR 36,638,000,00
Here are some of the prices of crypto assets in my portfolio:
Cardano ( ADA ) - IDR 11,823.00
Polkadot ( DOT ) - IDR 239,300.00
Chainlink ( LINK ) - IDR 185,792.00
Stellar ( XLM ) - IDR 2,468,00
Tezos ( XTZ ) - IDR 42,554
There is no sign yet for reversal as we are continuing on our downtrend. Let’s watch how the prices go today to determine our next move. If you believe in crypto, this might be a good time to collect more.
Stay rational and stay safe !
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