<div class="finbold">
 <p class="paragraph">Some cryptocurrency analysts, experts, and researchers believe we are already in a bull market since 2023. Others believe cryptocurrencies have just started rising from consolidation, while some think there is a long way ahead before getting optimistic.</p>
 <p class="paragraph">Dr. Martin Hiesboeck, Head of Research at Uphold, belongs to the second group. Particularly, Dr. Hiesboeck declared this cycle’s bull <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a>ing on January 24 through a post on X (formerly Twitter).</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Today begins the biggest bull market in crypto history. Just a thought.”</p> <cite>– Dr. Martin Hiesboeck, Head of Research at Uphold</cite>
 </blockquote>
 <figure class="wp-block-image size-full"><img decoding="async" width="932" height="238" src="https://cdn.thebittimes.com/images/2024/01/25/96aaac3154ac76054aa9944b2444bd19.webp" alt class="wp-image-151057" srcset="https://cdn.thebittimes.com/images/2024/01/25/96aaac3154ac76054aa9944b2444bd19.webp 932w, https://cdn.thebittimes.com/images/2024/01/25/96aaac3154ac76054aa9944b2444bd19.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/96aaac3154ac76054aa9944b2444bd19.webp 768w" sizes="(max-width: 932px) 100vw, 932px">
  <figcaption class="wp-element-caption">
   Uphold’s top researcher declares start of major crypto bull market. Source: <em>X (@MHiesboeck)</em>
  </figcaption>
 </figure>
 <p class="paragraph">In retrospect, bear and bull markets are identified by zooming out the charts, spotting tops and bottoms in long time frames. However, the shorter the time frame, the harder to properly identify these cycles’ marks through startings and endings.</p>
 <h2 class="wp-block-heading" id="h-bull-market-crypto-total-market-cap-analysis">Bull market? Crypto total market cap analysis</h2>
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 <p class="paragraph">Notably, we can identify each market’s cycle phase by looking at the Crypto Total Market Cap Index chart. The last bull market started somewhere in late 2020, reaching its peak in November 2021, preceding the multi-year recent bear market.</p>
 <p class="paragraph">Further, a consolidation phase could have started in January 2023. Experts might disagree on this setup and on each phase’s proper definition. Nevertheless, the capitalization surge in late 2023 is notable and resembles the pattern of the past cycle.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/01/25/438b959b71f12cf3ebb5f2d7de0d5466.webp" alt class="wp-image-151058" srcset="https://cdn.thebittimes.com/images/2024/01/25/438b959b71f12cf3ebb5f2d7de0d5466.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/438b959b71f12cf3ebb5f2d7de0d5466.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/438b959b71f12cf3ebb5f2d7de0d5466.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/438b959b71f12cf3ebb5f2d7de0d5466.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/438b959b71f12cf3ebb5f2d7de0d5466.webp 1876w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Crypto Total Market Cap Index, weekly chart. Source: <em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">Currently, the total capitalization of the cryptocurrency market is at $1.51 trillion. This is half of 2021’s $3.00 trillion total market cap. Meanwhile, being two times this cycle’s lows at around $750 billion in January 2023.</p>
 <p class="paragraph">Essentially, cryptocurrencies are halfway from the top and the bottom since the last bull market. Therefore, it is possible that we are still in consolidation.</p>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a>ing point of the next bull <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> will depend on further price action from this moment by press time. On that, Uphold’s head of <a rel="noopener noreferrer nofollow" title="research" href="https://thebittimes.com/tag/research.html">research</a> seems to believe in an uptrend moving forward. Moreover, Dr. Martin Hiesboeck calls for the biggest rally in all <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> history.</p>
 <p class="paragraph">Despite the positive forecast, investors must remain cautious and understand that risk-asset markets are highly volatile and unpredictable. Everything could happen in the short term, requiring proper risk management and due diligence while speculating.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/uphold-s-top-researcher-declares-start-of-major-crypto-bull-market-tbt77609.html">https://thebittimes.com/uphold-s-top-researcher-declares-start-of-major-crypto-bull-market-tbt77609.html</a></p>

Uphold’s top researcher declares start of major crypto bull market

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