Is NASDAQ dragging altcoins down?
The crypto market is changing. In the past, blockchain-based asset classes were often seen as a self-sufficient market, but in recent months there has been an ever-increasing correlation with traditional assets such as stocks. Although this development supposedly lends the blockchain scene seriousness, it is not always necessarily positive from a price point of view.
The best example was the vehement price losses of Amazon, for example, in the past week. With a slump of 17 percent, the e-commerce giant lost the most value since 2014. What is the impact on the NASDAQ listed company values on the Altcoins, BTC-ECHO market experts Stefan Lübeck and Jan Heinrich Meyer discuss in the current episode of the BTC-ECHO Invest Podcast.
Market update on STEPN, Doge and ApeCoin
Despite the negative trend on the overall market, at least one project was able to shine on a weekly basis and delight investors with renewed price growth: STEPN. This contrasts with the very volatile development of Dogecoin due to the announced takeover of Twitter by Elon Musk. In the episode you will find out why investors should not make their investment decisions based on tweets and what was triggered by land mining in the Bored Ape Yacht Club (BAYC) Metaverse.
