Bitcoin's 40% Rebound Sparks Debate Over End of Bear Market

Bitcoin's recent surge has sparked debate among experts about whether the bear market has ended. The cryptocurrency jumped nearly 40% from its late-June low, prompting some to believe that a new bull market is starting. However, others argue that the bear market persists until clearer signals on dollar liquidity and Treasury yields emerge.

Investor Didier sees this rally and Bitcoin reclaiming its 200-day moving average as signs of a new bull market starting. Portfolio manager Griffin Ardern disagrees, arguing that the bear market continues until there are clearer signals on these key indicators.

This debate comes amid strong earnings reports from companies like Snowflake, which beat Q2 estimates with earnings per share of $0.62 and revenue of $1.55 billion. The company's 35% year-over-year revenue increase was driven by its growth in AI investments.