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Is Crypto Getting Too Bullish?

Crypto is going all-in on visions of new all-time highs.

Jack Inabinet
Feb 29, 2024 • 2 min read

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Bitcoin dips after three days of massive gains! What ecosystems played catchup today, and are there signs the rally may be overextended?

Despite taking a break from pumping, Bitcoin’s sharp rally over the past three days positions it for an all-time high monthly close should BTC manage to finish out the day above $61.3k.

While this bout of sudden strength in BTC has caused ETH/BTC to trade lower in recent days, today’s weakness allowed Ether to shine through, with the Ratio increasing by 2%.

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.