This article was first published on: CryptoPotato --
Crypto market’s volatility continues. A week of declines has turned the support level at around $10K to the current resistance level. Even though the market is still in a bit of panic, it’s important to remember that the market is cyclical and continuing to grow, that means we are still seeing the continuous correction that we had since at the beginning of the year. Additionally, the crypto market is still young and small. As a result, it can be easily manipulated (as we saw last week with in the case of Mt.Gox sell off) And it is strongly influenced by geopolitical events. For example, regulatory announcements in China and South Korea have led to a sharp decline in the value of the crypto market. Alongside these, the FUD and the uncertainty and doubt that the media and press brings, combined with the uncertainty coming from banks, also affects the market.
In the Altcoins sector, we saw some mixed signs this week. Although trading is relatively stable against Bitcoin, against the dolla...
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