'Crypto winter is over,' analyst says as bitcoin holds above $86,000
- —Bitcoin holds above $86,000 after a 5% Friday gain and a 6% Monday jump
- —Total crypto market cap stands at $2.94 trillion, about 30% below October's record
- —Nansen cites renewed ETF demand and a large short squeeze as rally drivers
- —Markets price a 56% chance of another Fed rate hike this year
Why it matters: The break above the 50-day moving average and returning ETF demand may signal a new bull market, though Fed rate-hike risk remains.
Source: Yahoo Finance Crypto