As the crypto markets stall and the worry and greed index strikes a low of 35, many financiers are questioning if the crypto bull market mores than as desperate investors hold on for a long-awaited “Alt Period.”
But with a pro-crypto president in the White Residence providing executive orders to investigate a strategic bitcoin reserve, a sovereign wealth fund, and upgrading the SEC with ‘crypto Mom’ Hester Pierce accountable of its new Crypto Job Force, why isn’t the marketplace responding to this favorable news?
Crypto Exchange’s Ran Neuner uploaded:
“Market fatigue is an actual point. The altcoin market is completely worn down! All customers are completely deployed. All speculators are exploded. All stories are totally valued in. Bitcoin flows continue to be confined and no more filter into Alts. The only thing that could press this market greater is a fed pivot or some Trump activity that increases liquidity!”
Bitwise CIO Matt Hougan commented:
“There is an absolutely huge detach in between retail and expert view in crypto right now. Retail belief is the most awful it’s been in years, while professional capitalists are astonishingly bullish. It resembles residing in 2 completely separate worlds.”
Bloomberg analyst James Seyffart pointed out, “Seem like its due to the fact that retail is holding a ton of alt coins and memecoins etc that are down really negative,” while ‘El Presidente’ Dave Portnoy didn’t hold back in his message to altcoin investors:
“To all the shitcoiners crying today. Most of us understand the rules. We’re all attempting to make a buck. No one is misleading anyone. If you are dealing shitcoins you ought to be prepared to shed your financial investment. It’s a risk.”
The favorable situation for crypto
In spite of the total tiredness from retail on the market, 68 % of investors think Bitcoin will hit $ 200 k in 2025 Jeff LaBerge, Head of Funding Markets and Strategic Initiatives at Bitdeer, told Roundtable that while predicting Bitcoin’s rate was challenging, the “$ 150, 000 to $ 200, 000 variety is absolutely in the cards this year.”
Macroeconomist Henrik Zeberg acknowledged that sentiment was in the gutter however that problems were ripe for a “large crypto booming market” before April and that there was a “much less than 5 % opportunity” that the cycle top is in.
Despite existing bearish views from retail investors, numerous specialists believe that cryptocurrency still has substantial growth potential and can see significant gains prior to year-end.
Bitcoin Market Information
At the time of press 2: 23 pm UTC on Feb. 9, 2025, Bitcoin is placed # 1 by market cap and the price is up 0. 12 % over the past 24 hours. Bitcoin has a market capitalization of $ 1 91 trillion with a 24 -hour trading volume of $ 22 97 billion Learn more about Bitcoin’
Crypto Market Recap
At the time of press 2: 23 pm UTC on Feb. 9, 2025, the total crypto market is valued at at $ 3 15 trillion with a 24 -hour volume of $ 77 37 billion Bitcoin dominance is presently at 60 53 % Learn more about the crypto market’
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