The crypto market has experienced a red wave in the past 24 hours, with Bitcoin shedding some of yesterday’s gains to trade just above $3,500. The crypto king had soared to $3,680 yesterday on the back of a surprisingly positive Sunday trading session, but it has since regressed, albeit slightly. The rest of the market has accompanied Bitcoin in its regression, with Ethereum and Stellar leading the decline at 6 percent each. In the top 50 currencies, the only cryptos in the green are stablecoins including TrueUSD, Tether and Circle’s USD Coin.
So, what do you think will spark the next bull run, a Bitcoin ETF or the launching of Bakkt maybe? Binance CEO, Changpeng Zhao believes that it might just be the entrance of Amazon into the market, and especially the involvement of its founder, Jeff Bezos. In a series of recent tweets, CZ stated that Bezos could buy all the Bitcoins in circulation and catalyze a major bull run, bringing the market back to its former glory.