First signs of the beginning of the bull market Bitcoin's rapid rise to $35,000 on October 24 and 25 made crypto-enthusiasts nervous. The cryptocurrency's trading volumes reached the highest level since March 2023! This signals both a growing interest in the first digital currency and other assets, as well as the start of bullish sentiment in the cryptocurrency market.
A bull market is driven by an upswing], a rise in interest and optimism among crypto-enthusiasts. It occurs when major stock indices rise by at least 20% and the growth doesn't stop.
According to cryptocurrency aggregator CoinGecko, market capitalization increased from $1.184 trillion to $1.312 trillion from October 22 to October 25. Most of that growth came from bitcoin, whose share rose from 49.58% to 51.47%.
The increase in trading volume is an important indicator pointing to strong crypto community interest and activity in the market. Thus, more people are actively buying and selling, which leads to more liquidity!
