Now passions are running high in the crypto world; the market has awakened and is rushing up again, and Donald Trump is again in the spotlight. Let's figure out the upcoming events and where it will lead us.
There was a strong positive news background, consisting of the following events:
🇺🇸 Trump and the Vice President-Crypto Enthusiast
Republican presidential candidate Donald Trump has chosen Senator J.D. Vance as his vice president. Vance is a well-known supporter of cryptocurrencies and is active in expressing his support on social media.
📅 Conference of the most influential crypto magazine and its participants:
A conference of the leading crypto magazine Bitcoin Magazine will take place from July 25 to 27. Among the speakers, not only Donald Trump is expected to speak, but also Robert Kennedy Jr., the nephew of the former US President, which emphasizes the serious support for cryptocurrencies at the highest level. Not just Trump, many people at the top of the states are interested in supporting crypto.
🏦 ETF will strengthen its presence
It has been announced that Bitcoin ETFs will likely be approved on major banking platforms in the third or fourth quarter of this year. In addition, there is a high probability of the ETH ETF launching in just five days.
And we multiply all this by the very high probability of a full launch of the ETH ETF in just 5 days.
📉 Bear attempts do not affect the market
Despite the bears' attempts to start a song about MT GOX again, the market remains unperturbed and continues its upward movement.
Possible obstacles
🔵 If the launch of ETH ETF is delayed by the 23rd.
🔵 If there is nothing interesting at the BTC Magazine conference.
🦊Personal expectations
I hope the market will be calm for a few more months: this will give more time for purchases. The projects I monitor will not be ready for sudden growth, which will have negative consequences. If the Ether ETF launches on the 23rd, and something more global than “crypto is good” is announced at the conference, we could see Ether at $5,000+ this summer.
