The crypto market is affected by various events. Various events related to the economy affect this market in different ways. However, recently there has been positive news in the cryptocurrency market. The most important of these is the change of SEC Chairman. Because the relationship between US President Donald Trump and the SEC Chairman was adverse. Moreover, it seemed that the former SEC Chairman was not positive for crypto. However, the new Chairman has expressed his support for cryptocurrency. We know that Paul Atkins is positive about cryptocurrency.
In the future, with his actions, there will be developments in favor of cryptocurrency. In fact, a few days ago, the SEC withdrew the case filed against Dragonchain 8 years ago and there was a significant increase in the price of cryptocurrency. The price of cryptocurrency is increasing compared to last week. BTC is around $94k, ETH is around $1800. There is also an increase in XRP and DOGE. The market is now in a position where each coin continues to try to increase little by little.
[source](https://pixabay.com/photos/bitcoin-table-courses-finance-4481815/)
But we know that if we want to see an altcoin season, then it is really important for altcoins to see an increase in the ETH price. Its increase will trigger altcoin growth. But the interesting thing is that the price of Ether has increased promisingly compared to last week. Also, the daily volume is also promising. Some people think that there will be no altcoin season, I disagree. There will be an altcoin season like in the past. The developments in the world in the past year have greatly affected the cryptocurrency market.
Steem price is hovering around $0.15. Steem price has been fluctuating between $0.14 and $0.16+ for some time now. It has been accumulating within this price range. Most of the price increases or decreases occur after sideways movements. Steem price is moving along this sideways path. It has been in this area for about 2 weeks now. This is a safe area and it is very important to stay here. Steem price crossed the upper band a few days ago. Once it crosses the upper band, the price falls again. The upper band serves as resistance here. Breaking the upper band and experiencing a sharp price change could create a selling opportunity. It is useful to follow the market closely. Given the current position, hopefully we will see something good in the price of Steem very soon if nothing else happens in the market.
