{"id":540939,"date":"2023-07-03T22:00:15","date_gmt":"2023-07-03T22:00:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540939"},"modified":"2023-07-03T16:29:57","modified_gmt":"2023-07-03T16:29:57","slug":"crypto-market-cap-poised-for-breakout-analyst-predict-23-upside-potential","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-market-cap-poised-for-breakout-analyst-predict-23-upside-potential\/","title":{"rendered":"Crypto Market Cap Poised For Breakout: Analyst Predict 23% Upside Potential"},"content":{"rendered":"
The crypto market has been on a rollercoaster this year, with prices fluctuating wildly and regulatory pressures causing significant drops. However, recent developments have given investors renewed confidence in the market, leading to a total crypto market cap recovery.<\/span><\/p>\n
On June 15th, the total crypto market cap hit a low point of $972 billion, following the Securities and Exchange Commission\u2019s (SEC) regulatory pressure on the industry. But since then, the market has rebounded.<\/span><\/p>\n
This recovery has been driven partly by the entrance of major financial players into the crypto space. Several applications for a Bitcoin Spot Exchange-Traded Fund (ETF) by major financial players such as Blackrock and Fidelity have been filed, indicating that they are interested in betting on cryptocurrencies.\u00a0<\/span><\/p>\n
This has helped to rebuild investor confidence in the market, leading to increased investments and a rise in the total crypto market cap.<\/span><\/p>\n
Crypto Market Cap’s Moment Of Truth<\/span><\/h2>\n