Positive signs for crypto and top performing tokens
— Signs, Following, Users, Bitcoin, Performing, Tokens, Gain, Solana, Market, Bridge, Crypto, Mobile, Cryptocurrency, Discount, Positive — 1 min read
Bitcoin showed some signs of recovery as well, following a steep drop of 22.9% during the previous week. Federal Reserve Chair Jerome Powell said he thought economic growth would pick up in the second half of the year. Bitcoin has recently been under selling pressure after Celcius cryptocurrency lender suspended withdrawals and cryptocurrency fund Three Arrows Capital suffered heavy losses in the aftermath of the LUNA collapse. The Grayscale Discount, a metric used by some in the crypto market to predict whether the SEC will approve Bitcoin Trust (GBTC) as an ETF, has been narrowing. Still, it is still way too early to expect a sustained upward trend considering the negative fundamentals impacting BTC's price.My picks for the top performing cryptos: THORChain (Rune) Source