In November 2024, the cryptocurrency market is experiencing a bullish momentum supported by several economic and structural factors. On the one hand, institutional demand for Bitcoin is increasing, notably thanks to Bitcoin ETFs, which are strengthening the credibility of this asset among investors. This context is supported by signs of easing of monetary policy by the US Federal Reserve, favoring risky assets such as cryptos. In addition, technological improvements on Ethereum, such as “layer-2” solutions like Base, are increasing scalability and attracting users to decentralized applications. Finally, the approach of the next Bitcoin “halving”, scheduled for April 2024, is creating expectations of price increases, this type of event having historically contributed to bullish cycles in the market.#MarketDownturn
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