Crypto Market Is Trying to Recover All The Dump

Assalamu Alaikum friends, The way the crypto market started dumping last week, it seemed that the crypto market might be heading towards bears again. However, pushing all speculations aside, the market has started pumping again and has started recovering all its dumps and returning to its previous state.

Bitcoin dumped to $111,000 and then pushed back to around $118,000. It is currently trading around $116,400.

As Bitcoin pumps, Bitcoin dominance is dropping in the opposite direction. As a result, altcoins are pumping. On the one hand, Bitcoin's dominance is dropping from stablecoins, on the other hand, its impact is starting to fall on altcoins.

We are in the second stage of the beginning of the bull season. In the first stage, the price of Bitcoin increased and in the second stage, the price of Ethereum. Immediately after the increase in the price of Bitcoin, the price of Ethereum also started to increase. However, that was not the sign that the bull season had begun.

Ethereum had a major resistance at $4000, which it was able to break very easily today. Now it is expected that Ethereum will exceed $4500 very soon.