Investors are asking if there is a crypto bear market as the markets stagnate and the fear-and-greed index reaches a new low. Desperate traders hold out for the long-awaited crypto rally. “Alt Season.”
But with a pro-crypto president in the White House issuing executive orders to investigate a strategic bitcoin reserve, a sovereign wealth fund, and overhauling the SEC with ‘crypto Mom’ Hester Pierce in charge of its new Crypto Task Force, why isn’t the market reacting to this bullish news?
Crypto Banter Ran Neuner has posted.
“Market exhaustion is a real thing. The altcoin market is totally exhausted! All buyers are fully deployed. All speculators are blown up. All narratives are fully priced in. Bitcoin flows remain confined and no longer filter into Alts. The only thing that could push this market higher is a fed pivot or some Trump action that increases liquidity!”
Matt Hougan Bitwise CIO commented
“There is an absolutely massive disconnect between retail and professional sentiment in crypto right now. Retail sentiment is the worst it’s been in years, while professional investors are extraordinarily bullish. It’s like living in two completely separate worlds.”
James Seyffart, a Bloomberg analyst, pointed this out. “Feel like its because retail is holding a ton of alt coins and memecoins etc that are down really bad,” while ‘El Presidente’ Dave Portnoy didn’t hold back in his message to altcoin traders:
“To all the shitcoiners crying right now. We all know the rules. We’re all trying to make a buck. Nobody is misleading anybody. If you are buying and selling shitcoins you should be prepared to lose your investment. It’s a risk.”
A bullish argument for cryptocurrency
Sixty-eight percent of investors still believe that Bitcoin will be worth $200k in 2025, despite the general fatigue in the retail market. Jeff LaBerge told Roundtable, while it was difficult to predict Bitcoin’s value, there were some factors that could help. “$150,000 to $200,000 range is certainly in the cards this year.”
Henrik Zeberg, a macroeconomist at the University of Oslo in Norway, acknowledged that public sentiment is poor but said that conditions are ripe to create a new economic boom. “massive crypto bull market” Before April, there were a “less than 5% chance” This is the year of the cycling top.
Experts believe cryptocurrency has substantial growth potential, and may see significant gains before the end of this year.
Bitcoin Market Data
Press release On Feb. 9, 2:23 PM UTCBitcoin has the largest market capitalization and is currently trading at a price of You may also like: 0.12% Over the last 24 hours. Bitcoin is valued at 1 Trillion Dollars The 24-hour volume trading is $22.97 Billion. Learn more about Bitcoin ›
Bitcoin
The time is 2:23pm UTC, February 9, 2025
$96,156.93
0.12% Crypto Market Analysis
Press release On Feb. 9, 2:23 PM UTC. The value of the crypto market total is estimated at 3.15 Trillion Dollars With a volume of 24 hours. 77.3 billion dollars. Bitcoin dominates the market at 60.53%. Learn more about the crypto market ›
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