The cryptocurrency market has witnessed a significant surge after a prolonged bear market and the intensified crypto winter caused by the collapse of crypto exchanges and firms during 2022 and part of 2023. Notably, Bitcoin and other major cryptocurrencies have experienced substantial price surges, accompanied by renewed interest from institutional …
In a recent report by market intelligence firm Chainalysis, it has been revealed that global crypto gains in 2023 amounted to a staggering $37.6 billion. This profit surge reflects improved asset prices and market sentiment compared to 2022. Although this figure falls short of the $159.7 billion gains witnessed during …
In previous cycles, “liquidity conditions” were the main setback to price momentum, but that doesn’t appear to be the case anymore. Still, these support drivers are “likely to meet some important macro and technical headwinds in the weeks ahead,” the authors wrote. Source link
