Altcoins Won’t Reach Their Peaks For Months
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The crypto market is going through a period of turbulence, and altcoins seem far from regaining their December peaks. According to analyst Matthew Hyland, we will likely have to wait until April, or even longer, to witness a full recovery.
A pressured crypto market: liquidations and uncertainties
On February 3rd, the crypto market experienced one of the largest liquidation events in its history.
Over $2.24 billion was liquidated in 24 hours. This plunged altcoins into a downward spiral.
Ben Zhou, CEO of Bybit, even believes the actual figure could reach $8 to $10…
