Crypto prices may be approaching a turning point after months of losses as several recent developments could mark the start of a new bull phase.
In a note on Wednesday, Clear Street analyst Owen Lau, said the roughly 44% drawdown in crypto markets between Oct. 10 and Feb. 28 may now represent the end of the latest downturn.
Lau’s comments came as bitcoin rose 8% over the past 24 hours, moving to just above $73,000.
He took note of U.S. President Donald Trump’s Tuesday intervention over the hard-fought, but currently stalled, CLARITY Act as raising the odds that the law wins Congressional passage by the end of the summer.
Infrastructure integration is also advancing after Kraken’s banking subsidiary received a Federal…
