The conversational AI, ChatGPT, is an unprecedented technological revolution. Since its launch, this artificial intelligence has been setting one record after another. The crypto sector is not immune to this momentum.
Bitcoin (BTC) is currently navigating troubled waters, with foreign exchange reserves experiencing a significant decline at the beginning of the month. However, despite this price drop, new data from the blockchain analytics platform, CryptoQuant, suggests a possible bullish run for the queen of cryptocurrencies.
Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, has surpassed its previous all-time market cap high of $83.2B set in May 2022.
While the crypto market has been fluctuating wildly lately, some are claiming the start of a new bull run. According to Eric Peters, CEO of One River Asset Management, the crypto winter is already behind us and a particularly strong bullish cycle is taking shape for the months and years to come.