Regarding the overall state of the crypto market, eToro senior market analyst Mati Greenspan said in a recent interview that we cannot expect bulls tocome overnight.
He said that “Right now we are in a bear cycle. We saw some positive movements over the last few days, and I’m very happy about that. We saw volumes coming back into the market for the first time in months which is wonderful, but you don’t go from bear market to moon overnight.”
He continued and detailed that the truth is that the bull market of 2017 actually started in 2015. “Once there was that quietness, the market was able to bottom out very gradually,” he said.