According to Richard Teng, collective impact is crucial for achieving success in cryptocurrency trading. This approach encourages collaboration among traders and stakeholders, leading to more informed decisions and potentially higher returns. Such collaboration can facilitate the sharing of market insights and trading strategies, enhancing the overall market efficiency and profitability. [Source: Richard Teng Twitter]

According to Greeks.live, the Asian markets are expected to collaborate with European markets to drive cryptocurrency prices higher, but there is a concern that subsequent market activity in the U.S. session could lead to sell-offs, impacting overall price stability.