Bitcoin returns to above 91 thousand dollars; Why is the crypto market suddenly bullish?

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The crypto market is green again, but contrary to what some users think, this jump has nothing to do with the possible release of the “Jeffrey Epstein files”. The main factor was the sudden change in market sentiment after Michael Silver’s bullish comments on a live TV show.

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Silver described bitcoin’s recent decline as “perfectly natural” and said the asset will rebound to new all-time highs, following past cycles. These comments caused the whales and big traders to return to the market and the buying pressure increased.

After him, Natalie Brownell, host of Coin Stories, called Bitcoin a “100-year investment” and emphasized that the asset has bounced back from heavy crashes many times.

These messages boosted the confidence of retail traders and caused many investors who had been worried in the previous days to re-enter the market.

The result of this change of sentiments was the growth of about 2% of the total market value and the return of the price of Bitcoin to the channel of 91 thousand dollars. Now, many market participants hope that Bitcoin and altcoins will start a new upward rally in the rest of the year.