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Is the Crypto Bull-Run Coming to an End?
April 19, 2021
Is the Crypto Bull-Run Coming to an End?
Last week was a perfect storm for the cryptocurrency market. Coinbase (COIN) going public brought many new investors to the space, many coins reached new highs, and the total crypto market cap rose well above $2 trillion. As a result, Mentions of purchasing and investing in cryptocurrency have also surged to new highs on a 7-day moving average...
However, the bullish momentum has halted. Over the past 2 days, the crypto market cap dipped back under $2 trillion, with most coins pulling back significantly from the highs. For those not new to the cryptocurrency market, this week's developments might feel uncomfortably familiar, but it remains to be seen if this pullback will continue lower like in 2018.