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| Let"s finish by looking at Crypto. Bitcoin and Ethereum are still up since the start of the year but they have lost some momentum since they peaked on April 16th. |
| The ratio between the two cryptocurrencies has now been stable for a while around 0.07 BTC per Ether. |
| In recent events, the overall crypto market experienced a correction as theU.S. Securities and Exchange Commission (SEC)filed lawsuits against Binance andCoinbase for offering 12 cryptocurrency coins without registering them as securities. This lawsuit adds urgency for US lawmakers to produce a regulatory framework for the industry.Amidst these events, Bitcoin corrected less then the rest of the market, which causedBitcoin Dominanceto break its long-term resistance at 47%. |
