There’s Blood in the Streets of the Crypto Market

Published on
May 25th, 2022
Duration
37 minutes


There’s Blood in the Streets of the Crypto Market

CRYPTOVERSE ·
Featuring Benjamin Cowen and Ash Bennington

Published on: May 25th, 2022 • Duration: 37 minutes

Has Bitcoin bottomed? What about altcoins? If not, where lie the lows? Ben Cowen, CEO of Into The Cryptoverse, joins Real Vision's Ash Bennington to talk about the state of the crypto market. Technical indicators suggest Bitcoin is in a bear market, but it remains the most resilient cryptocurrency. As Ben sees it, “Confidence in the altcoin market has shattered." And he expects "valuations to bleed for many months to come." Ben walks Ash through recent and historical price action, on-chain data, and social metrics to establish his point of view. He also introduces a new technical indicator, "BTC Terminal Price," which helps spot major tops and bottoms. The way Ben reads it, Bitcoin could fall further from here. Recorded on May 23, 2022.