Crypto Top 10 Steady, Theta Continues Climb, Markets Fear Housing Bubble

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Last Updated on 29 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Over in cryptoland, the top 10 over at CoinMarketCap is mostly steady, with Theta being the only exception.

Meanwhile stock markets are set to start the week with a warning from the Wall Street Journal that a housing market bubble might be brewing and Microsoft in exclusive talks trying to acquire Discord.

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Steady Bitcoin

The biggest cryptocurrency clearly awaited the opening of global stock markets to take any clear direction and is trading at $56k. For the past three weeks, Bitcoin has remained stuck between $50k and $60k, with most analysts unsure whether a retest of support lines or an upswing is coming next.

Luckily, April is almost around the corner, a historically good month for Bitcoin.

The rest of the top ten at CoinMarketCap was mostly steady, with only one exception. Theta is soaring 10% today, trading for $13,77, and reaches for its all-time-high again. The small altcoin has had an exceptional month of March so far.

Wsj warning over housing bubble

Meanwhile, stock markets are about to start the month of April with a ship that is still blocking the Suez Canal, Microsoft in talks to buy the highly popular group chat app Discord. The Wall Street Journal warning that ultra low interest rates and the fact that many Americans and Europeans are not able to go on holiday and therefore easier buy a house instead with the money freed up, might lead to a bubble there as well.

As if we didn’t have enough bubble warnings to far in global markets, the Wall Street Journal has just added one more, with their explanation that high property prices in parts of Europe, Asia and Canada, combined with stimulus cheques being sent round to persons and companies, could lead to a bubble in housing.

They furthermore explain that central banks seems unable to stop the rises in prices of housing in the first world.

On the other hand, with analysts and investors fearing a housing bubble, that investable cash could now be spread from going into real estate to being put into other assets. Bitcoin and other cryptos might just profit from this fear as well.