Just a few months ago, spirits and the price of tokens were high, as U.S spot Bitcoin ETFs were pulling in millions of dollars, and Ethereum spot ETFs were on the horizon.

Memecoin mania was back, celebrities were aping into the space, and the SEC was on the ropes as they eyed a potential pro-crypto Trump taking the White House in November's elections.

The news was filled with bullish sentiment, then came the Mt. Gox repayment scare and the German government's decision to start dumping BTC on the market.

Prices crashed, retraced, and dropped again as volatility-weary HODLers began to capitulate.

Is this the end of the crypto boom - a mini bull run, or are we just going through the final washout before the real bull run begins?