Is The Crypto Winter Sentiment Over?

The beginning of this year wasn’t all that good in the crypto industry as investors were already getting signs of the bear market because the price of Bitcoin fell from almost reaching an all-time high (ATH) of $70k but instead the year started with having the price of Bitcoin below $50k. Some believed there was going to be a huge pump in April but instead we were caught up in the middle of crypto winter.

Now that we have the Bitcoin price to be above $23k is it safe to say the crypto winter is coming to an end? because this pump is quite different from the others we’ve been experiencing and it hasn’t happened before because every time it hits $20k it falls back to $19k or $17k. When the crypto winter or bear market came, many companies and crypto industries were affected and also attributed to other macro-economic factors like the current inflation and interest rate hike.

Some crypto industries are still trying to recover from the effect of the bear market, while some may not even recover again whatever the case may be the bear market really played a big one on many crypto industries and investors and that is why seeing this little bull run has made them hopeful that the crypto winter is finally coming to an end.

However, despite some celebrating and hoping the crypto winter has come to an end some are still sceptical about it and not sure it has stabilized but if it does then this is really the end of the crypto winter and investors will be very confident to go all in again.

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