The whole market has rebounded significantly over the past few days, what is this due to, and can we already consider that the worst is behind us?
Cyril Sabbagh, designer of the world’s first Bitcoin thematic UCITS ETF notes that the mood is lighter this week on the crypto market, thanks to the strong rebound of the last few days.
He thus believes that the bulk of the current purge has passed.
It is also ether that, according to him, is driving this recovery as the transition of the Ethereum blockchain from a PoW to PoS protocol becomes clearer. An event, known as “The Merge”, which could relaunch a bullish cycle before the end of the year.