Bitcoin, Ethereum, bnb, xrp, solana, cardano, and smaller coins like ampleforth have come a long, long way.
Ever since I first withdrew my holdings from PUBLISH0X in ampleforth, I've never sold. It's gone up nearly 60% since then. I didn't really believe in ampleforth at the beginning, but I've really only come to forget about it due to the fact that I hadn't even held that much in it to begin with.
Regardless, SPOT is also up exactly 10% with bitcoin being up nearly 100% from it's earlier price of 20,000$.
It's pretty cool to finally start seeing the sort of growth we had witnessed 1-2 years back. I've really come to miss the crypto market. Especially the constantly increasing bitcoin prices. Just remember, this isn't going to last for long. We're going to enter a crypto winter again very soon, or we might not since this time there's a literal ton of money coming into the market from big players like blackrock, vanguard, and many billionaires across the globe.
The reason for crypto jumpstarting again is due to the recent approval of BTC SPOT Futures by the SEC. Blackrock was the first to have their application approved, allowing for institutional money to safely enter the market without fear of the FDIC (federal deposit insurance corp) not backing them up. Thankfully, this time around, if bitcoin ever goes to 0, these institutional players are hypothetically backed by the u.s government. But if bitcoin goes down 50%, they're likely not going to be backed by anyone as it is not judged as a backable event, rather just a bad investment decision. But who knows; players like these are likely going to be backed regardless.
That's all for today, hope this has helped a ton of you understand exactly why the market is exploding.
