Bitcoin Sell-Off May Be Done, Analyst Flags Recovery Signs
According to Matt Hougan, chief investment officer at Bitwise Asset Management, much of the crypto complex already went through a down cycle last year even though headline coins looked steadier. He points to heavy buying from ETFs and companies that kept Bitcoin, Ether, and XRP from showing the full brunt of those losses. Some tokens,…
Bitcoin And Ethereum Market Structure Points To Crypto Winter – Details
The crypto market has shown a modest price rebound in the last three weeks, returning to a total market cap of $3.07 trillion. During this time, Bitcoin has climbed by 11% from its local bottom at $80,700, while Ethereum has been more aggressive, gaining by 18% within the same period. Despite these reassuring performances, a…