It's no secret the past few weeks have been tough for crypto investors. In March, Bitcoin fell off a proverbial cliff, tanking from $7,700 to a low of $3,800 in the span of a single day. Altcoins followed suit, actually falling even more than the market leader.<\/p>\n
And as a result, millions of dollars worth of cryptocurrency were liquidated<\/a>, sentiment hit rock bottom, and many traders and investors threw in the towel, accentuated by the recent decrease in the Bitcoin market's liquidity.<\/a><\/p>\n But, analysts are starting to come to the conclusion that the stars are aligning for the crypto market, especially for Ethereum<\/a> and certainly for Bitcoin<\/a>.<\/p>\n Cyrus Younessi, part of the Risk team at Ethereum-based DeFi application MakerDAO<\/a>, summed up<\/a> this cheery sentiment nicely when he published the crypto-viral tweet on Apr. 6, simply explaining that “not since 2017 have so many bullish crypto narratives aligned at once”:<\/p>\n Not since 2017 have so many bullish crypto narratives aligned at once: DeFi, Eth 2.0, the Halvening, gold rally, Fed repo, monetization of debt, institutions warming up, and the 2.5 year bear market ending. What more could you ask for?<\/p>\n This is put up or shut up time for crypto.<\/p>\n — C (@cyounessi1) April 7, 2020<\/a><\/p><\/blockquote>\nThe crypto stars are aligning<\/h2>\n
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