Crypto is back in full swing, with multiple digital assets breaking to highs not seen in months, while bellwether asset Bitcoin continues to set new records.
The industry’s total market capitalization is fast approaching the $3 trillion mark, previously established during the height of the last significant bull run on November 9, 2021.
But are the first signs of bubbling market froth sustainable?
Bolstered by several tailwinds, including President-elect Donald Trump’s victory, solid corporate earnings among broader equities, and heightened consumer sentiment, market momentum appears strong, according to some.
“We believe this rally is just getting started,” Ryan McMillin, chief investment officer at crypto fund manager Merkle Tree…
Nov 14 2024
