Cryptocurrency continued to maintain its bullish trend on April 14, when Bitcoin (BTC) rose above the $31,000 mark. Data from Cointelegraph Markets Pro and TradingView showed that Bitcoin hit its new ten-month high of $31,035 on Bitstamp. The latest bullish run of Bitcoin was further fueled by the macroeconomic data prints from the United States which reflected slowing inflation. Cryptocurrency trader Michaël van de Poppe noted that Bitcoin could have shallow corrections in its upwards trend, following fluctuations in the market.

Meanwhile, altcoins experienced a notable surge, with Ethereum (ETH) leading the way. It grabbed the attention of the market after the "Shapella" upgrade of Ethereum in Shanghai which allowed ETH to break the $2,000 barrier after teasing the same prior. The altcoin market capitalization grew noticeably by $62 billion within two weeks according to Tedtalksmacro, leading some traders to predict an altseason.

Crypto Tony urged long position entries when the market cooled off and found new stable support levels. Credible Crypto also mentioned that although most of the attention would be on Bitcoin, it was possible to experience a mini altseason or even an altseason 2.0. Such kind of altcoin rallies were commonly seen in the 2017-2018 market with Bitcoin leading the way initially and then altcoins following shortly afterwards.

Therefore, it is certain that the decentralized financial sphere is on an uptrend, however, time will tell if an altseason can push towards the desired target of mainstream adoption. In the end, it all depends on the market's sentiment and the overall influencers of Bitcoin and other major altcoins.



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