Cryptocurrencies Rally as Bitcoin Moves Above $4,000 for First Time Since Plummeting

The cryptocurrency markets have rallied, halting their persisting downturn and possibly establishing their recent lows as a bottom. Despite this, a bottom will only be validated contingent upon whether or not the markets, and Bitcoin in particular, can sustain their current rally long-term.
At the time of writing, Bitcoin is trading up 13% at its current price of $4,200, significantly outperforming most major altcoins. Bitcoin appears to have established $3,600 as a temporary bottom, as thi