From the recent lows in total crypto-currency marketcap of 248 billion back around April 6, 2018 till today April 28, 2018, we had a 73% increase to 430 billion today. That rise in marketcap happened in 3 weeks. The last time we had a similar movement such as this was back in November 22, 2017 to December 7, 2017 from 249 billion to 432 billion a movement of 73% gain. That movement happened in a matter of 2 weeks.
A notable similarity which makes one wonder, is this a sign of another bullish sentiment in the case of cryptos. Will we have another similar movement to the upside in the next month? The massive influx of capital flowing into cryptocurrencies definitely shows there are some bullish movement to the upside.
Watching the volume of buy orders coming into bitcoin was fascinating to observe. The number of larger bid orders coming in the last week seems to prove some serious whales are coming into the marketplace. Perhaps institutional players felt like the recent lows were a nice entry point? A bottom? Exciting times!
