According to Fundstrat, the bear market in altcoin is largely over

Good news for crypto investors… According to a group of analysts at Fundstrat Global Advisors led by Wall Street analyst Tom Lee, the bear market for altcoins is largely over. Since then, digital currencies are stuck in a rout. The crypto money market, which exceeded $ 800 billion at the beginning of the year, declined by more than $ 500 billion and is currently hovering at $ 340 billion. He advised them to turn to cryptocurrencies. Recently, Lee said that Bitcoin would retest its $20,000 peak by July.

Lee is now telling clients to be prepared for the end of the altcoin bear market. Considering that a significant part of the withdrawal in altcoin has been completed, Lee’s Fundstrat company is of the opinion that the bear market in altcoin is largely over. The company added that a rapid rise should not be expected yet.