Top cryptocurrencies for the week of February 13th
Unless you are entirely new to the world of cryptocurrencies, you should know just how volatile bitcoin and other blockchain assets are. Whether you choose to celebrate when your holdings surge or panic when they drop precipitously is entirely up to you.
Of course, after a chaotic month, the relative calm over the past week was certainly welcome. Yet if you follow the broader markets, you might have noticed that the calamity has found a new address, namely on Wall Street. Obviously, we will have to wait and see if that move is more than temporary, especially after the rebound on Monday.
Since the markets move so fast, things could change by the time you read this, even if only a few hours have passed since publication. What might ordinarily seem like a setback can sometimes turn out to be relatively good news. For example, last week bitcoin got a boost after regulators called for greater oversight of cryptocurrencies during a senate hearing. That might sound counterintuitive, but the silver lining is that they didn’t propose any specific measures.
At the end of the day, oversight isn’t necessarily bad. It could lead to greater transparency and more mainstream acceptance. Yet even now, bitcoin is easy to hold, trade, and spend, especially at America’s Cardroom. We accept over 60 of the leading cryptocurrency options, including some you’ve probably never heard of.
Here’s this week’s top five, not including bitcoin which is always the most popular at ACR.
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