Crypto remains weak this morning with Bitcoin (BTC) holding below the psychologically important USD 10,000 level. Another busy day in the space with Facebook's David Marcus' second day testifying to Congress and the G7 Finance Ministers' meeting with crypto a scheduled topic of conversation.
Crypto had a great weekend with Bitcoin (BTC) leading the way and climbing above USD 10,000 for the first time since late 2017. Volumes were elevated on the move with activity in the range of 2x the 30-day average throughout.
The Focus In The Last Week Has Been Facebook Entering Crypto, Innovation/Development Has Continued Within Existing Players In The Space - Namely, Last Week Bitfinex (BFX) Launched The 'Unus Sed Leo Transparency Initiative.