Some signs suggest potential market weakness despite Tuesday’s rally, market observers noted.
While it’s too early to tell how sustainable Tuesday’s price jump was, “there are some small signs that we could see a slight reversal,” Clara Medalie, director of research at Kaiko, said in an interview with CoinDeskTV.
“A wave of ETF approvals could definitely be the bullish catalyst the crypto market needs right now,” she said, adding that “we are still in the middle of a tumultuous period for the industry with quite a few bankruptcies and lawsuits ongoing.”
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