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If you look at Twitter, it may appear that the crypto market is anything but bearish.
The majority of decentralized finance (DeFi) coins have seen extremely strong rallies since the start of 2021.
A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space.
Chainlink and Aave, two major DeFi-related cryptocurrencies, are surging strongly in tandem with Bitcoin.
The Bitcoin paradox presents something of a predicament.
Bitcoin has undergone an extremely strong rally over recent months, despite the ongoing drop.
Hot on the heels of Coinbase, New York-based rival crypto exchange Gemini could also be going public.
If the recipient of a United States stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495.
The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500.
More analysts are beginning to believe that Ethereum could achieve $10,000 to $20,000 in the long-term.
Bitcoin faced a strong dip last weekend and early this week.
On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated.
Bitcoin bounces at $30k support to allay fears of a complete capitulation.
The demand for Bitcoin is increasing as the rising volatility shows.
Bitcoin jubilation turns to panic as the market downturn takes hold.
In 2018, the reoccurring “meme” in crypto space was that institutions were coming to accumulate Bitcoin, to save the then-volatile market and set it on a path of growth.
It’s been a bloody past day for the Bitcoin and broader crypto market.