Market update - 23rd May '17

The market made some big moves again yesterday. Outside of NEM and Ripple, the majority of the top 20 currencies were up.

At one point Bitcoin was up 10%, Dash 45%, Ethereum 20% and Monero 20%, alongside moves by many others.

With such significant moves by so many of the leading coins during the week of the Consensus 2017 conference, I am taking the view that there is a wider adoption of crypto by institutional investors.

I am of the firm belief that we are still all early adopters in a technical revolution. These types of gains can't continue forever though. I am expecting a dip at some point; my position will be not to panic and hold long.