What a week it’s been, it seems crypto is awakening once again and the greatest bull market in history is beginning!
For a comprehensive overview of the market, check out this weekly market report from Coin Bureau.
It appears that life is returning to the crypto space after a prolonged and challenging period. We are likely to witness price increases heading towards $40K and more in anticipation of the ETF.
- Derivatives, particularly BTC options, have been heating up as well. The total open interest for bitcoin options across exchanges reached a record high of $15.37B
- Stablecoins have stopped their decline and have not reached new lows for over three months, signalling a potential reversal in market sentiment
- The DeFi market has rebounded significantly, reaching a three-month high with a TVL of $42B
- Major and large projects such as Solana, Injective, and Rollbit have seen gains of 76%, 75%, and 65% respectively. Meaning investor sentiment has turned bullish