FAST FIVE: Cryptos Are Spiking Again: Ether At 2-Year Highs, Bitcoin "Perfectly On Track" For $100k
At the same time, assets as Bitcoin, equities, and gold, all have made double-digit gains since March.
Source: Bloomberg Ethereum is now up 12 of the last 13 days.
In the short term, as Bitcoin sees a profit-taking rally from altcoins, some investors expect BTC to outperform altcoins.
Then, smaller tokens, including Yearn Finance (YFI), Synthetix Network (SNX), and Aave (LEND), followed.
Thus, during a strong upward price trend, shorts could indirectly catalyze a larger rally.