The global crypto market cap has risen over $17 Billion USD in the last 48 hours, driving Bitcoin tantalizingly close to $9,000. Could this be an early indication that the bulls are back?
Has the crypto market turned long-term bullish?
In the last 48 hours, the overall crypto market cap has seen a stunning cash injection of over $17 billion USD. This could be an exciting early indicator that the pendulum of market sentiment has swung back to favor bullish traders. As of this writing, the market currently sits at $246 billion USD, if it can keep this positive momentum and cross the $250 billion USD mark, then this could be a strong reversal signal.
The crypto market has not crossed the $250 billion market cap threshold since last November. This would signal the end of a 7 month bearish decline in market capital, and breathe new life…
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