Bitcoin, Crypto Market Defy Iran Tensions, CLARITY Act Stalemate and Rate Hikes, Says Analyst — But Will the Rally Last?
Market / Price
Market research platform Bull Theory noted the cryptocurrency market's outperformance compared to other sectors despite geopolitical tensions, macroeconomic weakness and the CLARITY Act's failure. The Great Crypto Rebound Bull Theory highlighted that Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have surged 40% and 66%, respectively, in the last three months, while the total cryptocurrency market capitalization increased by more than 30%.
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