Crypto bulls buy the dip as ‘stubborn optimism’ sends volume 153% higher – DL News
- The total crypto market fell 16% over the past two weeks.
- Trump’s trade war rocked global markets.
- But some traders used the dip to position themselves for the next leg up.
Investors have piled into bets that crypto will reach new heights, according to eToro data.
The number of long crypto positions opened on April 7 — the day US President Donald Trump’s global trade war pushed Bitcoin’s price down to $74,440 — was 153% higher than the average number opened per day in March, according to the trading platform.
“Crypto investors on the platform saw this as a good entry point to add further to their positions, or get back in again,” Simon Peters, crypto market analyst at eToro, told DL News on Thursday.
“As the dust starts to…
