We’ve suffered through the bear market but it seems that the crypto bulls are on their way back into town.
In fact, last week the total market cap for all cryptocurrencies reached more than $186 billion.
Prices have since stabilised and seem to be performing steadily. Now though it appears to be getting ready to make another leg upwards should buyers take control early this week.
Mati Greenspan from eToro said, “After the false breakout earlier this week, cryptos took a step down.” As noted by Forbes:
“The fact that we failed to go further up speaks volumes about the current appetite, but it doesn’t necessarily mean it will go lower, as many bears have indicated.”
Greenspan highlighted, “In fact, in my view, the most likely scenario is that we now create a new range, or even, hopefully, a sustained stabilization … The market is clearly still excited.”
Even though Greenspan and others have been quick to label the cryptocurrencies market’s price action, it is…
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