Crypto Blog
Total crypto market capitalization has topped $2 trillion again following an epic slump wiping $500 billion out of the space in less than a week.
“Many people think it’s the end for crypto, and I’m sitting here waiting patiently for the bull market to begin, still right on schedule.” March 2020 was the pandemic-induced back swan event, and May 2021 saw a mid-bull run correction due to a leverage flush.– 2020 march flavor, macro was caught off guard. Ask around marco fund and those who are deep in JPY carry trade in HK, most didn’t expect it at all. Some China focused hedge fund risk off and de-lev a lot last week…“As altcoins almost all dead now, so we start afresh with the new easing cycle … without expecting the wild performance of 2020-21.
However, crypto, being a higher-risk asset class, suffered greater losses. With that in mind, crypto markets could bounce back faster than traditional ones.Others, such as veteran trader Peter Brandt and ITC Crypto founder Benjamin Cowen, compared the big dump to previous cycles when previous plunges occurred.that the same thing happened after the 2016 halving when BTC retraced 27% and compared it to the 26% correction after the 2024 halving.
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