The cryptocurrency market skyrocketed in prices this year with bulls projecting a bull run while critics say it could be a bubble. Both sides of the divide cite fluctuations in macroeconomic factors and crypto prices in the last five months.
The crypto market is up this year after picking up from its previous bottom in 2022 due to industry explosions and regulation bottlenecks. At press time, the total market capitalization stands at $2.27 trillion with Bitcoin (BTC) dominance surging following an upward Q1.
Crypto Bull Run Is Here
Crypto bulls point towards a run based on year-to-date growth in asset prices, related stocks, and overall finance market dominance. Last year, several bulls and market executives projected an uphill run following the anticipated ETF approvals and heightened institutional demand for the asset.
After the approval on Jan 11, Bitcoin’s price soared to an all-time high above $72,000 as a new investment window was opened for investors. The surge triggered
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