Current market

The German government's selling pressure has ended, Mt.Gox has paid more than half of its compensation, and the compensation funds have begun to be distributed to retail investors. The last major selling pressure is expected to come in late July. Retail investors are different from government behavior, and their collective large-scale selling pressure will not continue.

Bitcoin will continue to strengthen in a bullish pattern overall. It is worth noting that Bitcoin has become a hot topic in the US election. Trump has clearly expressed his support, which will attract a lot of traffic to Bitcoin, thereby pushing up Bitcoin.

In addition, the Federal Reserve has a dovish view on the macro level. The market expects the Federal Reserve to cut interest rates in September, which will also provide a favorable macro environment for Bitcoin.

The rise of Bitcoin is also a positive for Ethereum, but with the approval of the Ethereum ETF, Grayscale's ETHE is expected to see short-term profit-taking selling pressure.

In addition, the funds that institutional funds will flow into Ethereum before October are relatively limited, which has a relatively limited boost to Ethereum. With the end of the US election and the approaching Pectra upgrade, Ethereum's technical strength will attract more and more institutional investors, and its capital inflow will also increase significantly. Ethereum is expected to gradually explode in the fourth quarter. #以太坊ETF批准预期 #币安HODLer空投BANANA #美国大选如何影响加密产业？ $BTC $ETH $BNB