Reviving Cryptocurrency Market: Is the Crypto Winter Finally Over?

　　For investors who have been preparing their heads for a long 'crypto winter,' the present prognosis of the digital currency market environment is regarded promising.

　　Over the weekend, the aggregate crypto market value briefly surpassed $1 trillion for the first time in a few weeks, indicating that a huge recovery may be begun.

　　While investors may be pleased with this trend, a key issue arises: Does this recovery suggest a return to bullish green days？

　　Answers: Yes and No

　　There are two types of investors in the crypto ecosystem today: those looking for a quick profit and those looking for a long-term investment.

　　Those in the ecosystem will largely say Yes in the short term, as the 5.56 percent weekly increase in the price of Bitcoin to $21,248.76 aligns with sentiment and desires significantly. For those who are in it for the long haul, the reverse is true.

　　Regardless of sentiments, Bitcoin and the larger crypto ecosystem are headed to historically record periods of correction, either on the uptrend or downturn, depending on the asset's prior movement. This indicates that if we witness a period of huge price gain, such as when BTC reached its All-Time High (ATH) above $68,000 in November last year, a period of bearish correction would follow, driving the collapse to $47,000 when we enter 2022.

　　Historically, the present surge could simply be the predicted response to the recent big drop in the ecosystem, sparked by the collapse of UST and LUNA, as well as the insolvency fears of crypto lender Celsius Network. If this is merely a positive correction, then the crypto winter is still ahead, and active investing decisions must be made with prudence.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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