Bullish Start to the Year in Crypto
Long-term Bitcoin holders have stopped selling for the first time since July, according to VanEck. The current sideways movement of Bitcoin against the backdrop of record growth in gold and silver is comparable to the ‘calm before the storm,’ which is usually followed by a rally in the crypto market, a Bull Theory analyst hopes.
According to Lookonchain, an investor with $11 billion in assets has opened long positions on futures for the three leading cryptocurrencies worth $749 million. In October, he correctly predicted the market crash.
In the near future, Bitcoin and Ethereum are expected to receive a significant influx of capital due to the end of the rally in the precious metals market, according to Garrett Jean, former CEO of…
