Financial Times admits first sighting of Crypto Spring

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Last Updated on 10 October 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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There are three major printer media outlets that every global investor should know. First, there is the Wall Street Journal newspaper which millions of wealthy Americans read every day. Second, there is a similar newspaper in Europe called the Financial Times (which appears in five different international editions) and third is The Economist, a weekly magazine that recently added a daily blog and podcast. The three together are very important and usually determine the market and media trend around business reporting.

For a few years now, they have started paying attention to crypto and Bitcoin. They’re usually quite bearish as the journalists writing the stories still maintain very good contacts with banks and the like and thus don’t want to see classic finance go out of business too soon.

However, as more and more young people invest in crypto, things are slowly changing, even for them.

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Notably, therefore, was to see that the Financial Times admitted this weekend that we might be witnessing the first signs of “crypto spring.” Although the paper is quite bearish on stock markets, it has turned moderately positive on Bitcoin forecasts in recent weeks.

As you know, the crypto market entered a so-called ‘crypto winter’ around the month of May this year when Celsius, Terra and many other crypto companies fell like dominoes.

However, the summer months brought a price plateau, the FT noted, and although Bitcoin dropped to $17,500 for a brief moment in June, it has since traded neatly between $19k and $24k most of the time.

Furthermore, the ‘Merge’ may not have delivered what everyone hoped for Ethereum’s price, that coin is nevertheless also holding up nicely at its current price level.

Depending on this week’s inflation figures set to come out in the United States, we may see if the first green shoots thus bring a real crypto spring. In any case, a hopeful sign.

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