The bull market is coming! ! ! The bull market is coming! ! !
In recent days, the cryptocurrency space has been locked in an ongoing battle between buyers and sellers, entering a consolidation phase with no clear winner or loser.
This uncertainty surrounding Bitcoin (#BTC) has led investors to take profits in the altcoin market in the short to medium term.
Even with this volatility, savvy traders are still strategically accumulating specific crypto assets in anticipation of a significant rebound in the near future.
Key catalysts on the horizon
The crypto space is supported by fundamental factors, like the fourth Bitcoin halving, and the recent approval of spot $BTC$ and Ethereum ETFs in major financial centers such as the United States and Hong Kong. These developments have laid a solid foundation for increasing institutional investment and improved liquidity within the industry.
It is worth mentioning that, according to Nansen data, Singapore’s leading bank DBS Bank (DBS) has disclosed that it holds nearly US$650 million worth of ether, highlighting the increasing popularity of cryptocurrency.
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