Main navigation

Crypto Bull Market Might Cool Off, Says Ex-Ark Invest Analyst

Wed, 1/11/2023 - 12:27
Crypto Bull Market Might Cool Off, Says Ex-Ark Invest Analyst
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Chris Burniske, a former Ark Invest analyst, recently took to Twitter to share his insights on the blazing crypto market. Known for his astute market analysis, Burniske cautioned that the current bullish trajectory of the crypto market might not maintain its heated pace. He mentioned, "The very beginning — but there will be periods of cool ahead, it doesn't stay white hot like this for more than a few months max — skip on."


Burniske's tweet signifies that while the market is at the beginning of a robust phase, it is unrealistic to expect the momentum to remain at this peak. Historically, markets, whether crypto or traditional, have their ups and downs. Periods of rapid growth are often followed by cooling off phases where the market consolidates before deciding its next direction.

CMC data
Source: CoinMarketCap

Diving deeper into Burniske's thoughts, he categorizes prominent cryptocurrencies into two groups: "BTC and ETH the OG crypto barbell" and "SOL and TIA the integrated + modular barbell." This classification suggests that while Bitcoin (BTC) and Ethereum (ETH) remain the old guards of the crypto world, Solana (SOL) and TIA represent next-gen blockchain platforms that bring a blend of integrated and modular functionalities.

Ethereum Cofounder Vitalik Buterin Moves Large ETH Chunk to Coinbase

However, a second opinion on Burniske's thesis might argue that while BTC and ETH have proven their resilience and market appeal over time, it is premature to place newer entrants like SOL and TIA in the same bracket. These newer platforms, although promising, need to stand the tests of time, market volatility and regulatory challenges.

The crypto market chart further illustrates overall market sentiment. The market cap graph indicates sustained growth, hinting at bullish sentiment. However, the 24-hour volume graph showcases volatility with sharp peaks and troughs. The Bitcoin dominance chart reveals a steady share of BTC on the market, while the CMC Crypto Fear & Greed Index oscillates between "greed" and "neutral," indicating that while traders are optimistic, they remain cautious.


Latest Press Releases

Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
DeeStream (DST) Crypto Coin Sale Campaign Might be in Spotlight since Shiba Inu (SHIB), Polkadot (DOT) Supporters Waiting for Upgrades
Cardano Founder Hails Elon Musk's X for Crushing ECB's Bitcoin Diss
First ERC404 Token Pandora Shows Explosive Performance as Whales Turn to Buying
Avalanche Faces Downtime, AVAX Price in Red
Our social media
There's a lot to see there, too

Popular articles