After the clampdown in China and South Korea to cryptocurrency trading, there were fears that the US will also follow suit.
However, the testimony of Jay Clayton, chairman of the Securities and Exchange Commission (SEC) and Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC) has allayed these fears.
They were much more realistic and supportive of cryptocurrencies than what the market had expected. As a result, most cryptocurrencies are currently in a sharp pullback, after days of weakness.
Even after the recent plunge, some analysts believe that the cryptocurrencies will enter into a strong bull market that is forecast to be at least as strong as 2017.
Let’s see if we can find signs of bullishness in the top cryptocurrencies by market capitalization.