The crypto market has once again reclaimed $2.8 trillion
Where are the people who were still calling the bear market a few days ago?
A few days ago, the Federal Reserve raised interest rates, and $BTC fell to around $75,000.
There were bearish voices everywhere in the market.
Now, the total crypto market cap is back to $2.8 trillion, at one point nearing $2.9 trillion.
BTC has broken back above $80,000, and ZEC, $HYPE , NEAR, $AVAX have risen one after another.
The total market cap of altcoins also climbed from $1.17 trillion a week earlier to as high as $1.23 trillion.
This rally is no longer just a BTC-only rebound.
Ever since those days of rate hikes, I’ve been reminding everyone not to follow the herd and liquidate just because the market is unanimously bearish.
Now that BTC has recovered its pre-hike drawdown, the altcoins bought at lower levels are also starting to rise one after another.
However, $2.8 trillion isn’t a fixed number that can be defended every day—the market cap will fluctuate with price movements.
For now, I’d rather keep the positions I’ve already set up, and consider adding in batches if there’s a short-term pullback.
Where are the people who were still calling the bear market a few days ago?
A few days ago, the Federal Reserve raised interest rates, and $BTC fell to around $75,000.
There were bearish voices everywhere in the market.
Now, the total crypto market cap is back to $2.8 trillion, at one point nearing $2.9 trillion.
BTC has broken back above $80,000, and ZEC, $HYPE , NEAR, $AVAX have risen one after another.
The total market cap of altcoins also climbed from $1.17 trillion a week earlier to as high as $1.23 trillion.
This rally is no longer just a BTC-only rebound.
Ever since those days of rate hikes, I’ve been reminding everyone not to follow the herd and liquidate just because the market is unanimously bearish.
Now that BTC has recovered its pre-hike drawdown, the altcoins bought at lower levels are also starting to rise one after another.
However, $2.8 trillion isn’t a fixed number that can be defended every day—the market cap will fluctuate with price movements.
For now, I’d rather keep the positions I’ve already set up, and consider adding in batches if there’s a short-term pullback.