The strengthening of coherence in bubble regimes is much less prominent in the short and long term. In the short term, the effect of bubbles may be hidden by the effects of daily news items and intraday trading activity. It is also seen that in the short term the relationship between online factors and cryptocurrency prices are erratic and generally weak; there is little consistency as to whether the price or factors are leading, though slightly more negative relationships exist in this period band. The erratic relationships over the short term suggest online factors may not be best predictor in the shorter term.
Cryptocurrency has come a long way over the last decade, advancing at a lightspeed pace. Value can be stored, transferred and spent in different ways through various assets and solutions, while DeFi has pioneered the way for new borrowing and lending avenues.

But even this kind of pullback could not kill the inherent uptrend and in one of our previous reports, we mentioned that a breakout above $62,500 was required for BTC to resume strength.
However, after three months in the role, Brooks resigned amid an alleged battle over independence from Binance CEO Changpeng Zhao. Brooks himself did not give his reason for leaving.