'If this was a deviation, the coming months are going to be so much fun,' CoinMarketCap analyst Phoenix wrote.
Sharing a chart that highlighted the trading activity we’ve seen over recent days, Phoenix — who writes market analysis for CoinMarketCap — tweeted:
“If this was a deviation, the coming months are going to be so much fun.”
Another crypto trader and analyst, Rekt Capital, was equally upbeat, writing:
“#BTC is breaking out.”
At the SALT Conference, she said that Ethereum is seeing an explosion in developer activity thanks to NFTs and DeFi — and added that this will have an influence on her fund’s exposure to cryptocurrencies:
“Our confidence in Ether has gone up dramatically … we’d still probably do 60% Bitcoin, 40% Ether.”
In other developments, Morgan Stanley has announced that it is establishing a new team that will focus on researching cryptocurrencies. In a memo, executives said this was in recognition of their “growing significance” in global markets.