Although the past few weeks have been challenging for the majority of assets in the cryptocurrency market, it seems like the hardships might be over and that the industry as a whole could be racing toward the market capitalization of $2 trillion it last reached in March 2022.
Specifically, according to the observations by the crypto trading expert Michaël van de Poppe, the total market cap of the crypto sector “has taken the liquidity and bounced from the crucial area” at $1.54 trillion, as he explained in an X post published on January 26.
Therefore, in line with his chart pattern analysis, the renowned crypto analyst has concluded that the market might continue toward the massively important market cap target of $2 trillion, which it previously lost in early April 2022 after spending almost a year above it.
Crypto market cap analysis. Source: Michaël van de Poppe
Indeed, the larger part of the sector could be seeing better days, particularly as its representative, the flagship
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