Analysis: The crypto market has largely completed its bottoming process and may be entering a period of accelerated upward movement.

The latest market analysis from Newfire Research Institute shows that a directional breakout in the crypto market has arrived as expected. Last week, Bitcoin's 30-day implied volatility dropped to 40%, the lowest level since October of last year. Such a calm market often precedes a major directional shift. This morning, Bitcoin broke through $96,000 and Ethereum broke through $3,300, with 24-hour gains of 4.4% and 7.4% respectively, indicating that the market direction is clear.