Happycoin.club - According to specialists from an international bank, positive changes are being observed in the cryptocurrency market. The local bottom of Bitcoin has been reached and there is a high probability that another bullish cycle will begin soon.
The reason for the optimistic forecasts of analysts was the good statistics on employment in the American economy and the decision of the US Federal Reserve System that was not as tough as expected.
Standard Chartered (LON:STAN) believes that these factors contributed to the fact that Bitcoin did not reach the $52,000 mark, as they previously expected. According to experts, high interest in Bitcoin will continue as investors become increasingly concerned about the growing US national debt and the federal budget deficit.
The Standard Chartered report indicates that many investors are now finding Bitcoin as an alternative to the dollar, and for them it is an important tool for hedging risks amid declining confidence in the market.
Interestingly, Standard Chartered analysts are convinced that if Donald Trump wins the election, this will have a beneficial effect on the American crypto market, as it will make it more liberal.
