Crypto Market Shows Signs of Bottoming, Analyst Jamie Coutts Suggests
- The crypto market is showing signs of a potential bottom after weeks of decline.
- A metric tracking crypto asset performance over 365 days indicates a bullish reversal may be forming.
- The TOTAL2 chart, excluding Bitcoin and stablecoins, suggests a possible market cap reversal at $1.24 trillion.
- Bitcoin’s inverse correlation with the US dollar index may be breaking as it rises alongside the DXY.
- Daily active addresses on smart contract platforms have tripled in the past year, indicating strong blockchain adoption.
Analyst Jamie Coutts notes that recent metrics suggest the crypto market may be forming a bottom, with significant blockchain adoption and Bitcoin potentially acting as a safe-haven asset.
Source (2.6)https://dailyhodl.com/2025/02/13/crypto-market-flashing-signal-that-suggests-bottom-is-forming-says-real-vision-analyst-heres-his-outlook/?rand=59076
