The case for a new crypto bull market has been slowly growing since the beginning of the year and gained more strength still in March. Bitcoin , still the clear leader of the crypto market, just finished its third month in a row of gains , ending up more than 20% in March. It also posted its best quarter since the first quarter of 2021, when the last bull run began. So far this year, crypto investors have overcome several obstacles – chief among them the regional banking crisis in the U.S.
They weren't the only banks available to crypto businesses but, without them, it's taken a little longer to move between dollars and crypto, particularly during off hour nights and weekends when traditional businesses are closed. "You can expect more volatility because there are thinner order books where there's no credit availability and it's more difficult to move into or out of," said David Wells, CEO of Enclave Markets.
My one challenge for every Bitcoin proponent: show me your fundamental analysis. You don’t have one because Bitcoin is pure speculation. That’s why you get so mad when people challenge it. Subconsciously you know there’s only value if the pyramid keeps growing.
I'm one Jim Cramer 'Bitcoin is going to $0' tweet from dumping all my money in $BTC!
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Source: CoinDesk - 🏆 291. / 63 Read more »