What’s Next for Bitcoin and Cryptocurrencies in the Coming Days? Here’s What Analysts Think 🔥🔔✅

Although digital assets are unlikely to be mentioned in the US presidential debate between Donald Trump and Kamala Harris, the two parties’ differing policies on cryptocurrencies could weigh on market sentiment and have potential price impacts as the election approaches. $ETH

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ETH

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Aurelie Barthier, senior research analyst at Nansen, said that ongoing uncertainty around the election could weigh on crypto prices through November. However, she noted that the debate could “bring a few moments of respite” if Harris’s lead in the polls eases, which could also impact market volatility. $SOL 🔥

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Meanwhile, analysts at K33 Research suggested that Bitcoin and the broader market could be on the cusp of a major rally. The 30-day average funding rate for perpetual swaps has turned negative, a situation that has only happened six times since 2018. “Historically, monthly funding rate declines have coincided with market bottoms,” analysts Vetli Lundy and David Zimmerman wrote in a report on Tuesday.

The K33 analysts concluded that the current environment presents a “tempting case for aggressive exposure to BTC” in the coming months. 🔥

BTC

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+2.26%#TopCoinsJune2024 #MarketDownturn #AirdropGuide #FavoriteToken #BinanceTurns7 $BTC $ETH