$BTC
💥💥 Breaking News !
Crypto bull run Resume :
According to PANews, EMC Labs, a crypto fund management group, shared an analysis on the X platform, saying that the six-month adjustment period in the crypto market is over, and the bull market is expected to continue. Their analysis is based on several factors, including more money being available, changes in the U.S. stock market, the internal structure of the crypto market, and blockchain activities. The report notes that three out of the four major central banks globally have adopted policies to make money more accessible, which has caused asset prices worldwide to rise steadily.
EMC Labs explains that the U.S. stock market had already anticipated interest rate cuts for this year since last year, leading to increased market swings around the time the cuts took effect. Now that the market adjustments are mostly done, prices are slowly climbing, easing the pressure on Bitcoin ETF prices. During the adjustment period, over $37.8 billion entered the market, helping to reduce selling pressure and pushing the short-term cost of Bitcoin to about $64,000. According to EMC Labs' special engine, eMerge, the market cycle index is at 0.75, showing that Bitcoin is in a moderate growth phase when looking at distribution and blockchain activities. However, the main concern remains whether the U.S. economy will face a 'hard landing.'
EMC Labs also predicts that in the second half of the bull market, altcoins (alternative cryptocurrencies) will perform better than Bitcoin. The focus will be on blockchain technology and Web3 apps that are shaping the future of the industry, have innovative technology or business models, can attract users, and offer token-friendly structures.
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