Crypto market selloff: Don’t miss out on further crypto opportunities

investing.com:

The cryptocurrency market has been experiencing a selloff over the last few days, causing ripples of concern among investors, with the Bitcoin price now trading around the $64,000 mark.

The recent volatility has led to a flurry of activity, with prices fluctuating and presenting both challenges and potential openings for those keen on capitalizing on the pullback.

The sell-off across the various cryptocurrencies will, of course, significantly impact the crypto market cap. Bitcoin’s dominance of the market cap currently stands at over 52%, while ETH takes up 16.3%. Both have experienced share moves lower over the last few days, with Bitcoin down over 10% in the last week and ETH falling over 15% in the last seven days.

The current crypto market cap stands at around $2.43 trillion. However, this week, as cryptos initially moved lower on Wednesday, the market cap dropped as much as 18% from its March highs. That was before the reversals during Wednesday’s session, with both BTC and ETH currently sitting in positive territory.

Despite the shaky week, Bernstein analysts said in a recent note that they believe the crypto market cap can reach $7.5 trillion in 2025.

The firm stated, “We continue to see a cross-cycle 18-month opportunity with Bitcoin and the entire crypto ecosystem.”

Jonny Huxtable, CEO of LinkPool, told Investing.com that they «see a confluence of factors that are currently impacting the price of Bitcoin.”

“The first is that BTC traditionally struggles to reclaim previous cycle all-time-highs and this cycle is no different,” he explained. “It took approximately 3 weeks at the end of 2020 for BTC to go into price discovery and truly clear $20k.”

Huxtable noted that an interesting aspect of this cycle is that