Bitcoin’s bounce ‘still early innings’

Bitcoin’s crypto winter appears to be thawing, bouncing to the $43,000-$46,000 range, up 159% from last December as tracked by Dow Jones Market Data Group. The upward move could be the start of a new cycle. 

“There seems to be a lot of retail investor sentiment that’s been sidelined. There hasn’t been the hype and excitement that you’ve seen kind of mid to late cycle of the last crypto rally. So that actually gives us confidence that we’re still a little bit early innings, that there’s a lot of capital that has a cushion,” John Todaro, senior research analyst, Needham & Company, told FOX B