Bitcoin BTC and ethereum have added a combined $400 billion to their market capitalizations so far this year, with one analyst already predicting the bitcoin price peak. Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market roller-coaster The bitcoin price last week topped $30,000 per bitcoin for the first time since June but has since fallen back along with ethereum despite Bank of America naming a surprise "key driver of digital asset adoption" that passed $1 billion in value last month. Now, analysts with brokerage Bernstein have said a new "crypto cycle" has already begun for the price of bitcoin and ethereum—though this hasn't been fully appreciated. It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market MORE FROM FORBES'Staggering' $300 Billion Prediction Reveals Potential Bitcoin Price Peak After Huge Crypto And Ethereum BoomBy Billy BambroughThe bitcoin price has surged so far this year along with the ethereum price.NurPhoto via Getty ImagesThis will be the "first crypto cycle which will see participation from leading institutional investors," Bernstein strategists wrote in a report seen by Coindesk, with macro catalysts, a new bitcoin mining cycle, and ethereum upgrades all contributing to what they predict will create a new bitcoin and ethereum price bull run. "The opportunity to build a new institutional financial stack on the blockchain remains a worthy goal, and serious participants remain focused on the long term," the researchers added. FTX's sudden and surprise implosion late last year signaled the end of what the analysts called "toxic crypto leverage" and taught crypto traders the need for decentralization and self-custody wallets. Meanwhile, this year's banking crisis that triggered a surge of outflows toward money-market funds and so-called systemically important banks has raised concerns over the "centralization of money." "Any potential dislocation, whether on the bank’s credit side, or on the sovereign side … positions bitcoin perfectly as a safe-haven asset alongside gold," analysts Gautam Chhugani and Manas Agrawal wrote. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curiousMORE FROM FORBESSurprise Bitcoin Easter Egg Fuels Wild Satoshi Nakamoto Identity TheoryBy Billy BambroughThe bitcoin price has bounced back from its recent lows this year, sparking speculation the new ... [+] bitcoin, ethereum and crypto price cycle could have begun.Forbes Digital Assets
Source : [Biggest Ever ‘Crypto Cycle’ Has Already Quietly Begun After Huge Bitcoin And Ethereum Price Rally](news.google.com/rss/articles/CBMilwFodHRwczovL3d3dy5mb3JiZXMuY29tL3NpdGVzL2RpZ2l0YWwtYXNzZXRzLzIwMjMvMDQvMjAvYmlnZ2VzdC1ldmVyLWNyeXB0by1jeWNsZS1oYXMtYWxyZWFkeS1xdWlldGx5LWJlZ3VuLWFmdGVyLWh1Z2UtYml0Y29pbi1hbmQtZXRoZXJldW0tcHJpY2UtcmFsbHkv0gGbAWh0dHBzOi8vd3d3LmZvcmJlcy5jb20vc2l0ZXMvZGlnaXRhbC1hc3NldHMvMjAyMy8wNC8yMC9iaWdnZXN0LWV2ZXItY3J5cHRvLWN5Y2xlLWhhcy1hbHJlYWR5LXF1aWV0bHktYmVndW4tYWZ0ZXItaHVnZS1iaXRjb2luLWFuZC1ldGhlcmV1bS1wcmljZS1yYWxseS9hbXAv?oc=5) undefined - Forbes / April 20, 2023