Crypto Market Gains $17 Billion in 48 hours, Are Bulls Back?

The global crypto market cap has risen over $17 Billion USD in the last 48 hours, driving Bitcoin tantalizingly close to $9,000. In the last 48 hours, the overall crypto market cap has seen a stunning cash injection of over $17 billion USD.

In another price forecast from the last week, several high profile traders, including the legendary Peter Brandt, predicted that the expected Chinese New Years slump would not occur, and that the market could break out in a bullish direction. If we do see the crypto market make a reversal of the 7 month decline, we can possibly expect to see some fireworks as traders position themselves for front running the hype surrounding Bitcoin’s halving.

Timeline of Bitcoin