The bull market is back in full swing as Bitcoin hit an all-time high tonight – $112,005.11, with the bulls once again taking control. The rally has buoyed up the entire crypto market as altcoins have also seen gains. Is this the beginning of ALT Season? It started to look like it would never happen, but is now the time for a long overdue rally in the wider cryptocurrency market? Ethereum has now passed the $2700 mark, and bulls are hoping this will be the beginning of a sustained rally, with some of the more vocal bulls calling for a move up towards $10K! Far surpassing the previous ETH all time high. Whilst other are already calling a looming correction.
This could well spark another round of gains for the numerous treasury stocks now listed in London. With news still flowing in on an almost daily basis, it seems only a matter of time before we see a rally.
This may well turn into a crypto summer, which will be a welcome relief for the veterans of the ceaseless crypto winter that still haunts the market.
Disclaimer: Nothing in this article is intended as investment advice, and readers should always do their own research. The cryptocurrency sector is highly volatile and can move rapidly in both directions. I may be invested in some of the stocks or cryptocurrencies I mention in these articles, so please note that my comments may be biased. Everything is my opinion, so please fact-check.
Leave a comment