Consolidation of Liquid Cryptocurrencies Could Be the Lift the Market Needs

Ethereum prices attempted to break out in February but ran into resistance near 290, and then retraced. The sharp move down might be thought of like a round of profit-taking, as prices appear to have held support levels and are consolidating. Liquidity in the cryptocurrency market remains robust, but a few places are beginning to reduce their offerings because of a lack of liquidity. The US dollar is finally beginning to weaken which could help put a floor under Ethereum prices. If an effort to boost liquidity on the Bitfinex platform, the company has decided to consolidate its trading offerings and delist several...