How is this crypto cycle different from previous ones? ๐
Market cycles regularly alternate: bull markets follow bear markets, and so on. Experts and everyday crypto enthusiasts have often noted patterns in Bitcoin's growth post-halving. However, each cycle is unique in its own way. Here's what sets apart the current cycle:
1๏ธโฃ Crypto is exceptionally dynamic right now.
Crypto's parabolic movement is made possible by new inflows from outside the crypto space.
2๏ธโฃ Nvidia emerges as a market leader.
During the last bull run in 2021, significant interest in BTC spread and influenced its market. At one point, it seemed that the DeFi narrative might surpass Bitcoin, but Nvidia and AI entered the market, drawing attention to spot Bitcoin ETFs.
3๏ธโฃ Nvidia's rally began.
BTC prices started declining as attention shifted towards investing in Nvidia stocks and the company's zero-coupon options.
4๏ธโฃ What could change the situation?
A resurgence in commodity prices and gold, directly linked to rising consumer prices, could breathe new life into the crypto market. If the US Federal Reserve manages to return interest rates to previous levels, interest in crypto may increase. Additionally, the US political landscape related to elections could be decisive for BTC's rise or fall.
DYOR / NFA |
