Global #Bull Market

A well-known crypto market analyst has explored the potential for Bitcoin to reach $70,000 again in May.

Bitcoin's price briefly surged above $65,000 today, marking a notable uptick. However, analysts caution against interpreting this as the start of a new bull market in the short term.

According to data provider CryptoQuant, investors of USDe should keep an eye on the project's reserve fund to minimize risks associated with the possibility of a negative funding rate.

With the crypto market downturn continuing and digital assets continuing to dump, the bull market exuberance seems to have abruptly stopped. The well-known market expert "Cold Blooded Shiller" said on X on April 16 to his 269,000 followers that Bitcoin is "still the cloud that hangs over crypto."

Yomi, a well-known figure on social media for cryptocurrencies, recently revealed his thoughts on the anticipated Dogecoin Golden Cross. DOGE/USD demonstrates how a green week is necessary to get everything back on track.

Memes have made a significant comeback in the 2024 cryptocurrency market surge, with many of the well-known ones regaining their previous all-time highs (ATH) and some even setting new ones.

It appears that in a "weird" bull market, liquidity has skipped a few steps and moved directly from Bitcoin to memecoins, according to analysts.

Cardano showed signs of entering a bull market, while XRP lacked the momentum to sustain a long-term uptrend.