Is the Cryptocurrency Market's Bull Run Over?
Bitcoin rallied to an all-time high of $99,645 last week as the cryptocurrency market kick-started a bull run after Trump reclaimed the White House. The bullish phase began after the US election results making both leading stocks and cryptocurrencies hit new monthly highs. Also Read: JP Morgan Predicts the Future of Elon Musk’s DOGE However, the cryptocurrency market is moving in reverse gear this week sending fears that the bull run could be over. Investors are worried that Bitcoin could dip further amid global financial instability. This puts the markets at risk on the heels of Trump taking oath in January next year. Also Read: Ripple: Will XRP Hit $2 In December 2024? Cryptocurrency Market: Has the Bull Run Ended? Source: Watcher Guru Ki Young Ju, the founder of the on-chain Analysis platform CryptoQuant said that the cryptocurrency market’s bull run has not ended. He wrote on X explaining that we’re in a bull market and the current dip is only a brief correction before ...