Crypto Investment is Rising Slowly, and That's a Good Thing

November 1, 2021

Crypto Investment is Rising Slowly, and That's a Good Thing

New all-time highs for the two largest cryptocurrencies, Bitcoin ($BTC) and Ethereum ($ETH), set the stage for a strong weekend in the crypto market at large – On Friday and Saturday, the total cryptocurrency market cap finally attained a new ATH level: $2.675T.

The total volume of consumer mentions relating to purchasing and investing in cryptocurrency has yet to surpass the blow-off top seen in May, and that's a good thing. Instead of a wild rise and equally intense crash, the trend has demonstrated a steady rate of growth in recent months -- The 7d trendline recently broke out to a 5-month high, up +35% month-over-month and +53% QoQ.

In light of the recent market ATHs, this controlled ascent represents an incredibly promising development… It demonstrates that cryptocurrency investors have calmed down and are willing to take a more measured approach.

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