After months of consolidation, the crypto markets are reviving with strong bullish action. Bitcoin has pushed back above $80,000, forming a local high of $82,000, while more than $132 billion has been added to the crypto market cap in the past 24 hours.  Besides, the Ethereum price also reclaimed $2500 as crypto ETFs recorded a significant jump in net inflows, which has been a source of buying pressure. 

The major catalyst driving the rally is the FED Governor Christopher Waller’s remarks on interest rates, which remained unchanged in September, provided the incoming inflation data improves. Bitcoin’s recent move is encouraging, but a strong rally alone does not confirm the beginning of a new bull market. Here are the seven…