Bitcoin Comes Back Stronger

The crypto market started to recover and Bitcoin is traded above $70K once again. Since the launch of Bitcoin spot ETFs, the volume and volatility in the market have been correlated with the weekdays that investors could buy spot Bitcoin ETFs.

Last week was not among the best times in crypto and lots of crypto holders were concerned about the trend in crypto.

Though we had a big red candle, the trend in the market is still not violated and the recent moves by Bitcoin sign a revival of the coins. Though the market is purely green, the altcoins' price actions have been limited to a maximum 5% though they are generally open to wider ranges of volatility compared to Bitcoin's performance.

Actually, there are a couple of parameters to consider the performance of Bitcoin such as the DXY index, the GBTC sell pressure and the fear and greed index that shows the sentiment in crypto.

Meanwhile, the historical event of Bitcoin halving is getting closer. As the day approaches, the conspiracy theories have evolved, too.

The concern that has gained some importance for a group of investors is that the small miners, who earn BTC by finding blocks and receiving Bitcoin from each block, might have serious issues considering the growing complexity and the requirement of hash power to compete against the giant pools. As a result, the mining operations might only be done by a couple of whale pools! The threat against decentralization matters a lot for crypto people. Halving is a big challenge for small miners and the stress test is inevitable.

On the other side of the market, altcoins are trying to energize the ecosystems and bring new users by burning money. Such burning events are done by allocating some funds to the events that the community members do some tasks.

TON coin distributes $115M worth of token during the open league event. As the chain gathered lots of new investors thanks to the TonCoin game, the team wants to sustain it with different dApp uses, as well.

Besides the positive things in the ecosystem, the regulators and centralized exchanges are pushing their limits to add value to the ecosystem. For instance, the operations of Kucoin in India proves the endeavor that centralized exchanges. Almost all regulators will demand local money storing and operators to secure the digital assets of people against a surprise bankruptcy like FTX did.

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