Crypto
Bitcoin Bear Market Called Over as Cryptoquant Indicator Flips Positive
CryptoQuant CEO Ki Young Ju has declared the Bitcoin bear market over, citing a positive turn in CryptoQuant's market-cycle indicator. This shift suggests that investors are moving back into profit, potentially signaling the end of the broader downtrend.
The announcement comes after Bitcoin rallied by more than 23% in just two weeks, reaching as high as $80,652 last Friday. However, it currently struggles to hold above the $80K mark, trading at around $77,831.
Other large assets have also seen significant gains, with Ethereum up 29%, XRP up 27%, and Solana up 40% over the past month. But despite these rallies, BTC, ETH, XRP, and SOL are currently trading flat or slightly in the red.