Does the US SEC Hold the Fate of Cryptocurrencies in its Hands?

Colleagues, according to CoinMarketCap the total market capitalization of cryptocurrencies worldwide has reached an 8 ½ month low of some $225 billion. Moreover, cryptocurrency prices in aggregate have precipitously dropped over the past 11 days. Alternatively the US equities – Dow, S&P, NASDAQ and Russell 2K – have had a strong run during the last month following mediocre performance in H1 2018. Some speculate that crypto values are negatively impacted by a US SEC decision to delay approval of a new ETF. Others simply believe that crypto prices are simply overvalued. And finally, a small number of pundits, believe that cryptos have a negative risk-reward profile. The Cryptocurrency Academy believes this overall downturn is a viable market correction as crypto market is becoming more concentrated on the top 3-5 currencies with Bitcoin dominance approaching 50% of global crypto market capitalization. The past year has seen a tsunami of ICOs, expansion of crypto exchanges and investment funds – ETFs in particular. We expect total crypto market cap to continue its rise toward the end of 2018. Bottom line: Traders and investors alike should stay with the market leading currencies, exchanges and mining operators and stay away from the dubious investment vehicle and short-sighted fluctuations. Share your comments today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)