randomm

Here’s Why Bitcoin, Altcoins Are Rallying: Does Bull Run Start?

The crypto market has started to show strong signs of a bull run for the first time since late January, with many catalysts driving the upward momentum.

Bitcoin rose by 6.5% to a six-week high of $94,000. Its market dominance reached 63.4% — market cap sitting at $1.85 trillion — for the first time since January 2021. This suggests that Bitcoin’s bullish momentum was a key driver for the altcoin ecosystem.

According to data from SoSoValue, the US-based spot BTC exchange-traded funds recorded a net inflow of $936.4 million, led by ARKB’s $267.1 million inflows, on April 22. This was the seventh-largest daily inflow into the Bitcoin-based investment products.

https://www.coinspeaker.com/bitcoin-altcoins-are-rallying-does-bull-run-start/