Cryptocurrency will go bullish again!!!
Many people say that because of Trump, cryptocurrencies have been rising well recently, because he has repeatedly reiterated his support for cryptocurrencies in the competition, and he is likely to be elected as the next president, so the market is betting on this expectation. However, I think this does have a driving effect on the rise of the market, but it is definitely not the main driver. After all, the rise of the market is multifaceted.
1. The Fed chairman has loosened his mouth, and the expectation of interest rate cuts has warmed up, and market confidence has been greatly encouraged.
2. Ethereum spot ETF has gone from slogans to actual progress. The market sees hope of approval, and everyone is betting on this expectation.
3. The recent trend of precious metals such as gold and silver and US stocks can be described as bullish, which shows that the financial market is going through a "honeymoon period", and cryptocurrencies will naturally benefit from it. Coupled with Trump's endorsement, it can be said that cryptocurrencies have the shadow of a 21-year super bull market.
I think that with a combination of multiple positive factors, cryptocurrencies will be fully revived and go bullish again. It is predicted that Bitcoin and Ethereum will most likely break through new highs and move to the next stage.
