There hasn’t been much to cover as far as new developments in the cryptocurrency market are concerned.
Bitcoin, Ethereum, and friends have been consolidating and correcting for the better part of two months now. We experienced some volatility in early December, but the damage was quickly repaired. Outside of this, things have been quiet. It’s really just been a slow grind lower or sideways for most cryptos since November.
We continue to believe this is a messy market, and patience is the best course of action for a large majority of coins.
Let’s recap some of the things we’re looking for to signal the recent corrective action has passed. Then we’ll check in on some of the leaders as we want to focus on these pockets of strength as they should continue to outperform when the current selling pressure subsides.