The Bottom Of The Bear Market Could Be Close

The crypto market has seen massive losses during the past few days, but this is not stopping optimistic predicitons from popping up. Check out the latest reports about the bear market below.

Its been just revealed that the ARK Invest founder Cathie Wood said just recently that the increasing correlation between crypto and traditional assets indicates that the bear market will soon be over.

In a new video update, Wood says that the bottom for risk-on assets like Bitcoin and cryptos is likely near.

Her prediction comes as the price of Bitcoin moves down in tandem with the stock market, which Wood says is a temporary phenomenon.

“Crypto, a new asset class, should not look like the Nasdaq, but it does. It’s highly correlated right now. You know you’re in a bear market and maybe close to the end when everything starts acting alike, and we’re seeing the capitulation of one market after the other.”

It’s also important to note the fact that despite the current downturn, Wood says she remains long-term confident in crypto.

She says that she feels like this because, like the rest of ARK’s investment picks, she sees it as something that will exponentially grow as it disrupts markets and societies.

Check out the original article posted by the Daily Hodl in order to learn more details and predicitons about the crypto market.

El Salvador is making headlines again after the President just announced that they bought the dip. Check out what El Salvador’s President posted on social media and more important voices in the crypto spacer retweeted.

BREAKING: El Salvador just bought 500 more bitcoin.

They purchased the bitcoin at an average price of $30,744.

A nation state is buying the dip 🤯

— Pomp 🌪 (@APompliano) May 9, 2022

The nation has been known for these kinds of posts.