Market Cycle
Cryptocurrencies are attempting a rebound following a recent sell-off, with Bitcoin approaching $90,000 and Ethereum surpassing $3,000. Meanwhile, silver has plunged from a record high of $82 to under $75 amid profit-taking and higher margin requirements from the CME. Analysts draw parallels to the 2020 market cycle, where precious metals led before capital rotated into risk assets like Bitcoin.
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Following a recent flash crash, some crypto leaders claim the true bull market is just beginning. This narrative contrasts with the market's strong recovery from 2022 lows. Analysts question if it aligns with Bitcoin's four-year cycle theory.