"Guy Turner Maintains: Cryptocurrency Bear Market Haven't Kicked Off Just Yet - He Shares His Perspective"
Crypto Daily Update: Guy Turner of Coin Bureau Says Bull Market Ain't Over Yet
Let's talk about the crypto market, baby! In a recent video update, Coin Bureau's Guy Turner got down and dirty on the state of the market amidst recent Industry turbulence. While it may seem like the end times, Turner tells his 2.66M YouTube followers to hold onto their coins tight, ‘cause we ain't nowhere near the start of the next crypto bear market.
Digital gold's still got its throne, my friends. Bitcoin's dominance is still climbing up, and according to Turner, when the shift from Bitcoin season to altcoin season comes (which seems to be happenin' sooner than later), the top 10 altcoins by market cap are gonna be the ones seein' most of the incoming dough.
"Bitcoin dominance continues climb snaps fingers... Lookin' at the altcoin season indicator, we're still in Bitcoin season, but whistle you'll also notice that we're also at levels where this trend has historically reversed, with more cash flowin' into altcoins.
In our humble opinion, the altcoins that will see the most investment will likely be those in the top 10 by market cap, although this also means that the potential gains will be significantly lower."
As of this moment, the king of crypto is trading for $84,542 (lil' increase on the day), with its dominance level settin' at 63.9%.
Turner ain't done yet. He went ahead and said that the recent regulatory turnaround in the US, thanks to the pro-crypto stance of the Trump administration, is gonna bring in heaps of new investors, retail and institutional alike, which he believes will impact the market significantly.
"Crypto regulators in the US have become much friendlier to the industry thanks to the pro-crypto stance taken by the Trump administration drops mic ...
We believe that this will help to attract a broad range of investors to the crypto market over time, be they retail or institutional investors, and this is also why we believe that although the market has been takin' an absolute pounding lately, we shouldn't be tapping out just yet...
The overall picture is still too bullish for us to be concerned about a bear market startin' anytime soon."
Well, that's our quick take on what's goin' down in the crypto space, folks. Remember, these are Turner's thoughts, not financial advice. Invest at your own risk, friends.
And now, if you're lookin' to stay up-to-date on everything crypto, make sure to join us on Twitter, Facebook, and Telegram. Be the first to catch those hot tips!
| Crypto Kings | Current Market ||-------------|---------------|| Bitcoin | $84,542 || Ethereum | ❌ (Not mentioned in the article) || Altcoins | ----Historically more cash flowin' into the top 10 by market cap once Bitcon season ends---- || Financeflux | ❌ (Not mentioned in the article) || Trading | Optimistic outlook for the market || NFTs | Subtle hints of potential growth |
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Disclaimer: Opinions expressed here are not investment advice. Invest at your own risk.
Sources: Coin Bureau, The Daily Hodl, CoinGecko
[1] Coin Geek Article - Guy Turner of Coin Bureau Says … Bear Market Yet?[2] The Daily Hodl Article - Altcoins - Bitcoin - Trading[3] Coin Geek Article - Coin Bureau December Market Analysis 2021 - Bitcoin, Ethereum, Altcoins[4] The Block Crypto Article - The Bright Side of the Bear Market for Solana[5] Coin Telegraph Article - Meme Cryptocurrencies - The New Investment Trend?
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- Guy Turner of Coin Bureau recently stated that the cryptocurrency market is still not near the start of the next cryptocurrency bear market.
- In the case of altcoin season, Turner believes that the top 10 altcoins by market cap will see the most incoming investments.
- Bitcoin dominance continues to climb, with its current trading price being $84,542 and a dominance level of 63.9%.
- Turner also mentioned that the recent pro-crypto stance of the US administration could help to attract new investors, leading to a significant impact on the market.
