BTC’s attempt to reclaim $40,000 was thwarted by bears, but any consolidation within the current range could benefit small and large-cap altcoins.
Bitcoin (BTC) dipped below $38,000 on Feb. 21 but the bulls are attempting to arrest the decline and start a recovery. The sustained weakness in 2022 seems to have toned down expectations of a strong rally.Huobi crypto exchange co-founder Du Jun said that if the Bitcoin halving cycle repeats, then the current weakness could be the start of a bear market. Jun believes that the next Bitcoin bull cycle is expected to begin either at the end of 2024 or at the beginning of 2025.Daily cryptocurrency market performance. Source: Coin360In the short term, crypto markets are likely to be influenced by the geopolitical developments between Russia and Ukraine, cues from the U.S. Federal Reserve on its tightening cycle and the performance of the assets perceived as risky.Could Bitcoin and s
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