Greater Clarity Needed to Turn the Bearish Market into a Bullish One


In June, Todd Colvin, an analyst at Ambrosino Brothers, mentioned to CNBC’s “Futures Now” that it’s very difficult to be optimistic about the cryptocurrency market in the short term. Uncertainty regarding security and regulations, alongside a lack of accessibility to digital currencies, has resulted in the current bearish crypto market, in Colvin’s opinion. However, Colvin believes that adjustments and additions to the cryptosphere could turn things around.

In terms of security, Colvin believes that hacks, heists, and security breaches are “the things that cause these bear markets when you have these, ‘Oops, somebody robbed my wallet off an exchange.’ That caused the last big $1,000 decline we had.”

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