Are we going to see the bulls?
Looking at the crypto market, I can see most of the crypto on coinmarketcap on the front in green and why not, as the leading crypto Bitcoin is in green and is now pricing above $68k.
The market cap is now at $2.35 Trillion and experienced a surge of 0.75% according to coinmarketcap.
In the last 7 days, Bitcoin has shown a price surge of more than 9% which is something Bitcoin investors would be happy to see.
Graph from Coinmarketcap
With these positive signals going through the crypto industry, are we going to see the return of the bulls? No idea, as the Crypto Market is very volatile in nature but anyhow, the latest price development is something that could send positive signals in the crypto industry which could give confidence to investors.
But again, if you are thinking of investing in crypto, proceed with caution as I said above, the crypto market is very volatile.
It would be interesting to see how the institutional investors would react to the latest price development in the crypto industry. Big institutions pouring money into the crypto market may have a good impact on the market.
Anyway, this is not a financial advice.
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