On Tuesday, the crypto asset market began to move higher, shocking many investors across the board. As of the time of writing this, Bitcoin (BTC) is trading at $5,380, posting a 2.81% gain in the past 24 hours. Most altcoins, like Ethereum, are up even further, with Litecoin flouting a hefty 7.26% 24-hour rally. Even Tether is looking green, with USDT posting a 0.5% gain.
This strong move may seem normal and mundane out of context, but according to Fundstrat’s Tom Lee, Tuesday’s rally confirms that the cryptocurrency winter might be finally biting the dust.