๐Q2 2024 has been a rollercoaster for #Bitcoin! Bulls were hoping for a $100k BTC, but selling pressure has kept it struggling around $60k. Despite a 14% decline, there's optimism with the anticipated spot ETF approval.๐
#Ethereum outperformed but still saw a 5% drop. Altcoins like #Solana, #Ripple, and #Dogecoin suffered even larger declines, dragging the CoinDesk Index down by 21%.๐
Despite the disappointing Q2, some see this as a correction within a larger bull move. Major catalysts like the spot bitcoin ETF approval and macro factors like anticipated interest rate cuts played a role in the rise.๐
However, with ETF inflows becoming old news and hopes for lower interest rates fading, buyers seem to be on the sidelines. Q3 might bring more pain, with predictions of a decline to $55k.๐
What's your take on this? Are we in for a bearish Q3 or will the bulls make a comeback? Let's discuss!๐ฌ #CryptoNews #Blockchain
