# A New Kind of Bull Market?

*Author: Bankless*
*Published: Nov 15, 2023*
*Source: https://www.bankless.com/es/a-new-kind-of-bull-market*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/MOD-NEWSLETTER-HEADERS--4--5.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=a-different-type-of-bull-market&email=true)

  

    A New Kind of Bull Market?

  
  

  
  Published on Nov 15, 2023

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  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=a-different-type-of-bull-market&email=true) — Sign up for an account and see what crypto can be.

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    CBDC Slowdown
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50445--19--1.png)- 🪙 **CBDCs not coming soon**. A Bank of America [report details](https://www.coindesk.com/policy/2023/11/15/us-cbdc-is-unlikely-in-the-near-term-bank-of-america/?_gl=1*1x02imt*_up*MQ..*_ga*NjU2MDQxODMxLjE3MDAwODM0MDQ.*_ga_VM3STRYVN8*MTcwMDA4MzQwMy4xLjEuMTcwMDA4NDE2NS4wLjAuMA..) that CBDCs are a long way off despite real Fed Reserve interest.
- **❎ OKX planning L2. **The 6th largest crypto exchange wants in on L2s, [announcing an effort called "X1" built on Polygon's CDK](https://x.com/jasonklau/status/1724478770743025939?s=20).
- **💰 Blockchain.com raises. **The exchange is [reportedly raising $110M at a $7B valuation](https://x.com/crypto/status/1724521060249281019?s=20), half of what it raised at in 2022.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    BTC Strikes Back
  
  

  

 
 

**📈** **Crypto Bounces Back: **Last Thursday, crypto pumped on news that BlackRock was [filing](https://www.bankless.com/ether-explodes) for a spot Ether ETF, but tokens have been caught in a downtrend since! Today, crypto majors are putting in defiant green candles and retracing yesterday’s sizable losses...

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.43T
       

  
    
    ↗ 5.2%
    
  

   
    
    ↗ 6.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $37,673
       

  
    
    ↗ 5.9%
    
  

   
    
    ↗ 5.8%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,047
       

  
    
    ↗ 3.3%
    
  

   
    
    ↗ 8.4%
    
  

        

    

[Unlock Today's Full Market Analysis](https://www.bankless.com/btc-strikes-back)

.  .  .

 
  
    

    DAVID'S TAKES

  
  
    
    A Different Bull Market?
  
  
  
   
     
     Bankless Author: 
     
     [
       
    David Hoffman
     
    ](https://twitter.com/TrustlessState)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/image--21-.png)](https://www.bankless.com/a-different-type-of-bull-market)**Apparently, it’s a bull market.** That’s what everyone is saying, at least.

But there’s something different about this bullish sentiment from previous cycles, and it’s worth identifying...

**Read all of the *free* alpha on our website*** *👇

[Read Full Analysis](https://www.bankless.com/a-different-type-of-bull-market)
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