Bitcoin (BTC) has now entered its fifth bull market, according to Matrixport, the leading digital assets financial services platform, with its price recently tapping $35,000 again.
Many experts believe this latest bull run could take the BTC price back to 2022’s high – and potentially beyond.
Meanwhile, exciting new projects like Bitcoin Minetrix (BTCMTX) are making waves in the market, leading investors to wonder whether this could also start a major altcoin rally.
Bitcoin Enters Fifth Bull Market, According to Matrixport Analysis
As outlined in a recent Matrixport report, Bitcoin is in the midst of its fifth bull cycle – a statement that will be welcome news to holders.
Each previous Bitcoin bull run was driven by distinct narratives, initially as an emerging payment mechanism, then by recognition in China as an alternative currency, followed by an ICO boom.
More recently, the decentralized finance (DeFi) and NFT crazes have also proved to be catalysts for BTC’s bullishness.
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