NASDAQ, the world’s largest exchange hosted a meeting that was attended by some cryptocurrency exchanges. I think wall street is preparing for its adoption of cryptocurrency and that could be huge for the entire market. NASDAQ’s volume in terms of dollars easily dwarfs even the largest of cryptocurrency exchanges and furthermore, it could bring legitimacy to the Crypto World. The volume of cryptocurrencies being traded is also at an 11-week high, seeing volumes that we haven’t seen since late April. I think this means people are getting back in cryptocurrency and that the bear run that engulfed the first seven months of this year is finally coming to an end as institutional investors gear up to come into crypto.
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