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The market capitalization of the cryptocurrency market has skyrocketed this year, reached the highest ATH ever. It is not surprising because the evils of high inflation and recession have been criticized with the risk of collapse in the contemporary economy. Adding to the support of Covid 19 made the situation worse. millions of people are unemployed, land price increases. People look to bitcoin and crypto like fill, bitcoin and crypto will bring light back to everyone. With bitcoin, I become more optimistic. And bitcoin has sprung up today, it will trigger pump explosion this week. Total capitalization will create a new ATH. BTC will move to $ 100k with a jump like Usabolt
I hope you are right about the new ATH, but I can't say that I am optimistic like you! I feel like it will drop, but it's just my feeling, many times I had a wrong feeling about the next Bitcoin move! Simply, many times I was surprised by the turns that Bitcoin makes, in both directions!
And community is divided, it's like one half believes in new ATH, and the other half believes that price will drop a lot! And both sides have some arguments (some of them can sound convincing)... I guess we will have to wait and we will see what will happen, and who was right! I have some money ready in case of the market drop!