Arca's Chief Investment Officer Jeff Dorman has highlighted signs of recovery in the cryptocurrency market, describing the current phase as a market reset rather than a collapse. Despite recent volatility, Dorman pointed to improvements in infrastructure and market sentiment, with Bitcoin rising to $115,000 and Ethereum and Solana each gaining 9%. Weekly trading volumes have also increased by approximately 15%.
Dorman noted the return of liquidity and renewed participation as key indicators of market health. Although the total crypto market cap reached a monthly high of $438 billion in early October, it has since decreased by 12% to $384 billion. Dorman remains optimistic about the market's potential for recovery.
Arca CIO Jeff Dorman Sees Crypto Market Reset Amid Recovery Signs
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