Cryptos roar back to life after months of lull & mundane trading

The last 24 hours or so have seen the Cryptocurrencies come alive, trading in a much wider range than we have gotten used to seeing in recent months. If anything, the sustained gains today in digital assets are signaling towards some kind of Crypto spring returning to the financial markets and if this happens it would be perfect timing since the Spring is in the air as well.

The news of institutional investors' support, adoption of digital assets in financial markets & favorable regulations have all been making rounds recently but the price action in Cryptos wasn’t validating any of this. The move came around 4 am Tuesday morning Eastern Time U.S/Canada & within an hour almost all digital assets were posting double-digit gains. There was no apparent catalyst.

Although we have seen rebounds like this before too most of them couldn’t sustain the rally, but this time it looks a little different if you look at the charts. This move strengthens the case of a bottoming since some key daily levels have been breached on the daily charts as well which dictate the longer-term trends.

The market cap has jumped almost $50 billion in the past week alone to $172 billion at the time of writing with the BTC dominance dwindling to 50.3% — For those of who are not aware of the relationship, BTC…