{"id":31778,"date":"2019-05-24T09:19:06","date_gmt":"2019-05-24T14:19:06","guid":{"rendered":"https:\/\/insights.tradestation.com\/?p=31778"},"modified":"2019-05-24T09:19:06","modified_gmt":"2019-05-24T14:19:06","slug":"monex-crypto-market-weekly-may-24","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2019\/05\/24\/monex-crypto-market-weekly-may-24\/","title":{"rendered":"Monex Crypto Market Weekly: May 24"},"content":{"rendered":"\n
This post is a translation of the weekly cryptocurrency analysis by Crypto Lab, a wholly owned subsidiary of Monex Group (Tokyo, Japan). Monex is the parent of TradeStation Group.<\/em><\/p>\n\n\n\n BTC dropped quickly to $7,000 on May 17, only to rebound back above $8,000. Now prices have encountered some resistance at the top of that range.<\/p>\n\n\n\n Legislative progress in Japan was one positive factor. Another catalyst was the BSV rally associated with speculation of the U.S. government recognizing Craig Wright as Satoshi Nakamoto. There were also negatives like a delay in Van Eck’s exchange-traded fund (ETF).<\/p>\n\n\n\nSummary<\/h3>\n\n\n\n
Market Trends This Week<\/h3>\n\n\n\n