🌍 In the wave of loose money, stocks, bonds and gold rose. Why did Bitcoin buck the trend and be in the cold?

Recently, some media have begun to report that in the context of global monetary easing policies, the prices of stocks, bonds and gold are soaring, but only Bitcoin's performance is mediocre and other related reports.

These reports give the impression that all traditional assets are rising and only Bitcoin is struggling.

Secondly, the article also mentioned that the cryptocurrency market needs more interest rate cuts to start the next bull market.

Therefore, the mainstream media seems to be inclined to convey a message that Bitcoin has no hope in the short term, and that a real bull market will only be possible after multiple rounds of substantial interest rate cuts.

But this statement is misleading and clearly ignores the significant growth that Bitcoin has achieved this cycle.

In fact, the price of Bitcoin in this cycle has increased nearly four times from around US$15,000 to the current US$60,000, which has shown that it has entered a bull market earlier in the past year or so.

To sum up, some people believe that this may be a panic deliberately created by the media, causing investors to sell their assets in panic, or to prevent them from rashly adding to their positions.

The purpose of mainstream media doing this may be to cooperate with large institutions and whales to accumulate enough chips in the short term.

When the market goes sideways or falls, the media may spread more panic news; and when Bitcoin really starts to rise, breaking through the previous high of this round, or even breaking $100,000, what will the mainstream media look like?

Will they immediately change their attitude, start hyping up the news of Bitcoin’s surge, and induce retail investors to enter the market to take over the market?

🗣 Opinion:

Therefore, as retail investors, we must learn to think independently and identify misleading information in the market. Here, I hope that through our analysis and your wisdom, we can make smarter investment choices together.

At the same time, in the unpredictable cryptocurrency market, adopting a passive period investment (DCA) strategy may be the safest way to invest.

💬 Do you think Bitcoin is currently undervalued? What is your investment strategy in this uncertain market? Leave your opinions in the comment section!

#比特币洞察 #投资策略 #宽松货币 #比特币

🌪️ The FOMC meeting is coming, the extent of the interest rate cut is a mystery, and the Bitcoin market trend is a mystery!

The FOMC meeting is about to be held on Wednesday, and the market is generally expecting an interest rate cut. Currently, forecasts for the extent of interest rate cuts present a 50-50 split, that is, the likelihood of a 25 basis point interest rate cut is almost equal to that of a 50 basis point interest rate cut.

This change in expectations is mainly due to the strong labor data released last week, which has led more people to believe that the U.S. economy may need a larger interest rate cut, not just 25 basis points.

At the end of last week, the market expected that the probability of a 25 basis point interest rate cut was basically the same. However, a month ago, these two figures were 75% and 25% respectively.

But now, as market expectations change, the chances of a 50 basis point interest rate cut and a 25 basis point interest rate cut are 59% and 41% respectively, which also shows the general uncertainty in the market.

However, this raises a question, that is, for the cryptocurrency market, will the extent of interest rate cuts really have a significant impact on the price of Bitcoin?

🗣 Opinion:

Some analysts said that before the results of the FOMC meeting are announced, market uncertainty may cause the price of Bitcoin to fall first and then rise.

They believe that because investors are usually sensitive to such news and prefer clarity, the market may be inclined to fall before the decision to cut interest rates is announced.

However, once the FOMC announces an interest rate cut on Wednesday, the Bitcoin market is likely to see gains, as a clear decision will provide market participants with the clear signal they need, prompting them to take more directional actions.

This expectation also reflects investors' cautious attitude before major events.

💬 So, what do you think? How much do you think it will drop this time? Will Bitcoin rise or fall after interest rate cuts? Come to the comment area to chat about your views!

#FOMC会议 #降息预测 #比特币市场 #加密货币动态

🚨 Circle is accused of having a connection with the North Korean hacker group Lazarus Group!

Blockchain detective ZachXBT broke the news that the well-known stablecoin issuer Circle actually had transactions with the notorious North Korean hacker group Lazarus Group. This is big news!

It is said that after Circle discovered the suspicious transactions of Lazarus Group, it took more than four months to blacklist these accounts, a full month slower than other peers! ZachXBT went all out on social media, accusing Circle of not doing enough in anti-money laundering.

According to reports, Lazarus Group is not a fuel-saving lamp. They are suspected of being the mastermind behind the hacking of Indonesian cryptocurrency exchange Indodax on September 11, which caused the exchange to lose more than 20 million US dollars!

ZachXBT's revelations triggered widespread criticism of Circle, especially doubts about CEO Jeremy Allaire. Some people in the community said that Circle only cares about making money and is indifferent to the integrity of the cryptocurrency ecosystem.

At the same time, in the past few years, Lazarus Group has stolen up to $3 billion from the digital currency industry through various means, and this money may be used to support the hacking activities of the North Korean regime.

With the discussion of stablecoin regulation and anti-money laundering becoming more and more heated, such news has undoubtedly sounded the alarm for the entire industry. Friends, what do you think of Huci's revelations? Leave your opinion in the comment area!

#Circle #LazarusGroup #洗钱风波 #加密货币安全

🚨 Cryptocurrency tycoon loses $43 million in gamble!

Cryptocurrency millionaire James Fickel suffered a heavy blow due to his bold investment in Ethereum! Although he had earned rich returns with his early accurate investment in Ethereum, this high-risk bet did not pay off.

According to Lookonchain data, this investment tycoon has lost $43 million since January 10 and now has a total debt of $132 million.

The story begins in January, when Fickel was convinced that Ethereum would surpass Bitcoin in 2024. To verify this bet, he borrowed $172 million of Wrapped Bitcoin (WBTC) from the decentralized lending platform Aave and then exchanged it for a large amount of Ethereum.

But unexpectedly, this year is not so good for Ethereum. Although the spot Ethereum ETF has also entered the US market, it has never been able to keep up with the pace of Bitcoin ETF in terms of capital inflows.

Since January 11, ETH has fallen more than 34% against BTC, and it looks like it will continue to fall. The value of Fickel's Ethereum has continued to shrink, while his debt has snowballed.

By August 7, Fickel realized that the situation was not good and began to repay his debt to Aave with USDC and ETH. But even so, he still owes Aave about $132 million.

However, don't forget that Fickel is one of the largest individual holders of Ethereum, with a net worth of more than $400 million. He boldly bought Ethereum when it was only $0.80 per coin, which laid a solid foundation for his later wealth.

Currently, the price of Ethereum is around $2,300, while the price of Bitcoin is $58,500. Although both cryptocurrencies have risen recently, Bitcoin's overall rise is still far greater than Ethereum.

🗣️ In the field of investment, risks are everywhere, and even experienced investors cannot escape the possibility of failure. We should learn from the experience of others, make investment choices carefully, and avoid simply chasing high returns while ignoring the importance of risk control.

💬 So, how do you manage your investment risks? Share your investment experience and let’s learn together how to better control risks while pursuing returns!

#加密货币 #以太坊 #比特币 #交易赌注

🎯 Trump was shot again and is now safe!

On September 15, Trump's campaign team revealed that they heard gunshots nearby during an event. The Secret Service said the incident occurred around 2 pm.

Fortunately, Trump himself is currently safe, but more details about the incident are still under further investigation.

It is reported that Trump was enjoying golf at the Trump International Golf Club in Florida when he suddenly heard gunshots.

CNN reported that the golf course was immediately blocked after the incident, and it is not clear whether this was an assassination attempt against Trump.

Trump's son Donald Trump Jr. said that law enforcement officers found an AK-47 rifle at the scene. A suspect has been arrested!

This reminds people of the assassination attempt against Trump at a campaign rally in Butler, Pennsylvania on July 13.

After this incident, from early this morning to now, the maximum drop in the price of Bitcoin has exceeded 3%, and the current price is around US$58,500. There has also been a chain reaction in the market for Trump-themed meme coins.

However, after the recent debate with Vice President Harris, Trump's lead on Polymarket has weakened, and the two have become very close in the prediction market, and the chances of winning are currently the same.

👀 We will continue to pay attention to the latest developments in this incident! Finally, do you think this incident will affect the results of the 2024 presidential election?

#特朗普 #安全 #枪声 #竞选2024

The US is still determined to destroy Trump!
Two "assassination" attempts in two months, the chances are greater than winning the first prize in the lottery. . .
#特朗普 #枪击事件

🚀 Analyst: Bitcoin's breakthrough of $69,500 may be the key, is FOMO coming?

Since bottoming out on September 7, Bitcoin has risen by nearly 15%, which has made many people dream of the return of the bull market.

Meanwhile, Axel Adler, an analyst at CryptoQuant, also shared some views on social media X, suggesting that once the price of Bitcoin exceeds $69,500, it may trigger market FOMO sentiment.

Currently, the price of Bitcoin is around $60,000. If it can stay above this level, it may mean that a stronger upward trend is coming. However, if Bitcoin falls below the 4-hour 200 EMA (about $58,800), we may face a pullback.

In any case, the next few days are very critical, and we will see whether Bitcoin will continue to rise or temporarily pull back. At the same time, the $69,500 level has become the focus of everyone's attention because it may determine the trend of Bitcoin in the short term.

👇 Do you think Bitcoin can hold and break through $60,000 in the short term? Will this be the beginning of a new bull run? Share your thoughts in the comments!

#比特币 #牛市 #FOMO #加密货币市场

🚨Bitcoin Price Alert: Economists Predict Coming “Dump News” Event!

The Federal Open Market Committee (FOMC) meeting is about to take place, which could have a significant impact on the future of Bitcoin and other digital assets.

Market participants are paying close attention to the FOMC meeting on September 18, speculating whether a more aggressive rate cut than expected will be adopted, that is, a direct cut of 50 basis points instead of the conventional 25 basis points.

The speculation quickly became a hot topic in the community, as the magnitude of the rate cut could have a significant impact on the price of risky assets such as Bitcoin.

Steve Hanke, an economist at Johns Hopkins University, said in an interview with reporters that if the FOMC really decides to cut interest rates by 25 basis points, this may not be good news for the market, but may trigger a "selling news" event.

He further explained that the market has already digested expectations of interest rate cuts in advance. If the FOMC really announces an interest rate cut, this expected result may disappoint investors, which may in turn trigger a decline in the prices of cryptocurrencies such as Bitcoin.

Hanke also pointed out that if the FOMC unexpectedly announces a 50 basis point interest rate cut, this unexpected move may bring an unexpected boost to the market, because the current market price has not fully priced in this possibility.

In short, with U.S. inflation gradually falling and Federal Reserve Chairman Jerome Powell hinting last month, the time may be ripe for a rate cut. Currently, the federal funds rate remains in a range of 5.25% to 5.50%, which is the highest level in the past 23 years.

At the same time, lower interest rates are theoretically beneficial for cryptocurrencies. Because lower interest rates mean lower returns on traditional savings and fixed-income investments, this may attract more investors to turn to cryptocurrencies such as Bitcoin.

However, given the complexity of the current market environment, it is challenging to accurately predict the market's reaction to a rate cut. After all, expected interest rate cuts were a big factor in Bitcoin's rally earlier this year, but the key question now is whether the market has fully priced in this expectation.

👇 Do you think the FOMC meeting will have an impact on the price of Bitcoin? Do you think the September FOMC meeting will cut by 25 basis points or more?

#FOMC会议 #比特币 #降息 #加密货币市场

🚨 Former FTX CEO Sam Bankman-Fried appeals and seeks a retrial!

Last year, Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, was sentenced to 25 years for fraud and conspiracy. Now, he and his legal team are dissatisfied and want to appeal, hoping to have the case retried.

They feel that the presiding judge at the time, Lewis Kaplan, was biased and unfavorable to Sam. The lawyers said that the judge favored the prosecution during the trial and even rushed the jury to make a decision before the jury had time to consider the case. They also mentioned that the judge was skeptical of Sam's testimony during the trial and sometimes reprimanded the defense lawyers.

Sam's legal team also mentioned that since the trial, there have been new claims about the situation of FTX. They claim that FTX was not bankrupt when it collapsed and actually had a lot of assets to return to customers. They believe that this new evidence was not fully considered at the trial, causing the jury to make a verdict without knowing all the facts.

Let's review the collapse of FTX. At the end of 2022, the collapse of FTX shocked the entire cryptocurrency market, causing a large number of consumers to withdraw funds and eventually the company went bankrupt. Prosecutors said Sam masterminded a scheme to steal billions of dollars from customers' accounts and then used the money to make political donations and personal consumption.

During the trial, some of Sam's former colleagues, including Caroline Ellison, the former CEO of Alameda Research, stood up against him. The trial attracted widespread public attention and ultimately a jury found him guilty.

Now, as the court battle continues, the impact of FTX's bankruptcy continues. The entire Bitcoin market has been affected, and litigation and regulatory review are still ongoing.

Sam's road to appeal may be difficult. His legal team believes that there are many problems with the initial trial and hopes to have a retrial by another judge. However, it is very difficult to overturn a federal verdict, and historically less than 10% of appeals have been successful.

Finally, do you think Sam Bankman-Fried should be given a chance for a retrial? Do you think the judge was really biased during the trial?

#FTX #SamBankmanFried #金融欺诈 #法律上诉

📢Hong Kong strengthens cryptocurrency regulation: OTC trading may be regulated by the SFC🔍

Crypto enthusiasts, pay attention, Hong Kong may soon implement stricter regulation of over-the-counter (OTC) cryptocurrency trading.

According to the South China Morning Post, the Securities and Futures Commission (SFC) of Hong Kong is considering working with the Hong Kong Customs and Excise Department (C&ED) to jointly strengthen the supervision of OTC transactions.

OTC transactions usually refer to private transactions conducted directly between large companies, which often bypass public exchanges. But now, the SFC may intervene, which will help provide a clearer regulatory framework for the cryptocurrency industry.

Why do this? One reason is that there have been some major financial losses and fraud in the cryptocurrency industry recently, especially the collapse of Japanese exchanges, which has raised concerns about the role of OTC transactions by regulators. These transactions are often operated through physical stores, and many are associated with fraudulent activities, so stricter supervision is particularly important.

SFC representatives said that they are working closely with the government and other regulators to establish a robust, clear and consistent regulatory environment to promote the sustainable and responsible development of Hong Kong's virtual asset industry.

Although the need for regulation is generally supported, some industry insiders are still concerned that the specific implementation of regulation may bring confusion, as the responsibilities of the SFC and Customs may overlap.

🗣️ Conclusion:

Hong Kong has recently strengthened its supervision of over-the-counter (OTC) cryptocurrency transactions. Although this policy may cause some volatility in the market in the short term, it will help reduce fraud and illegal transactions in the long run, thereby enhancing investor confidence.

For investors, this is a sign that a safer and more compliant market environment is taking shape; for industry participants, it means that they need to adhere to higher compliance standards and improve their risk management capabilities.

It is believed that with the continuous improvement of the regulatory system, Hong Kong's cryptocurrency market is expected to develop in a more stable and sustainable direction.

💬 What do you think of Hong Kong's possible strengthening of supervision of OTC cryptocurrency transactions? See you in the comments section!

#香港加密货币 #OTC交易 #监管加强 #金融市场 #加密货币监管

🚨 US sanctions Cambodian tycoon, accusing him of cryptocurrency fraud and human trafficking!

The US Treasury Department has imposed sanctions on a Cambodian tycoon and his group for alleged cryptocurrency fraud and human trafficking. A senator named Ly Yong Phat and his LY Group and O-Smash Resort have been accused of serious human rights violations over the past two years.

Reports show that victims were lured to the resort by fake job opportunities or "love scams", and then their phones and passports were confiscated, and they were forced to engage in fraudulent activities including cryptocurrency fraud.

These so-called "pig killing" schemes force victims to establish relationships with others and trick victims into investing in their so-called cryptocurrency or foreign exchange scam projects.

Police investigations show that trafficking victims who tried to seek help were also tortured by multiple beatings and electric shocks.

From October 2022 to March 2024, authorities conducted multiple rescue operations at Ly's resort, rescuing victims from China, India, Indonesia, Malaysia, Singapore and other countries.

In April this year, the BBC reported that more than 250 Indians were rescued by the authorities. These thousands of victims only account for a small part of the victims who were forced to participate in cryptocurrency schemes and "love scams".

In addition, the "Human Trafficking Report" released by the US State Department highlighted human rights violations in the O Smach and Koh Kong regions of Cambodia. OFAC has imposed criminal charges on Senator Ly for three hotels suspected of trafficking.

Meanwhile, Tether froze $28 million worth of USDT in July, which was suspected of being related to cryptocurrency theft and money laundering activities of the Huione Group in Cambodia.

The FBI's IC3 warned that the number of cryptocurrency investment scams led by Southeast Asian criminal organizations is surging.

Conclusion:

This incident reminds us to be vigilant when faced with attractive job opportunities and high-paying promises. And when participating in cryptocurrency investment, we also need to be cautious to prevent being deceived.

In short, investors should conduct comprehensive due diligence before making investment decisions to ensure the safety of funds and personal safety!

#美国制裁 #柬埔寨 #加密货币诈骗 #人口贩卖 #投资者警示

🚀 Bitcoin breaks through the $60,000 mark: Review of key market news this week!

This week's market performance is good. Not only did the price of Bitcoin break the $60,000 mark, but the entire cryptocurrency market also showed a prosperous scene.

In the past 24 hours, the market value has increased by more than $100 billion, and the total market value has exceeded the $2 trillion mark. This is due to the collective rise of Bitcoin, Ethereum, BNB and other altcoins.

Bitcoin's performance this week is particularly eye-catching, with prices rising by more than 10% in the past seven days. Traders are currently working hard to overcome the key psychological and technical resistance level of $60,000, and it has risen by about 2% today alone.

Last week, the bulls have been trying to push the price of Bitcoin above $55,000, and this week the situation seems to have changed. The price once reached $58,000 on September 13. After a few days of consolidation, the bulls are now trying to conquer the bull support band near $61,000.

At the same time, the performance of the altcoin market is also impressive. Ethereum rose by more than 7%, BNB rose by more than 13%, SOL rose by more than 8%, and so on.

Some analysts believe that this market rebound is not without reason. Michael Saylor of MicroStrategy, the world's largest corporate Bitcoin holder, announced today that he had purchased $1.1 billion worth of BTC at an average nominal price of about $60,000. This news undoubtedly provided support to the market and may have prevented a more severe decline in the past few weeks.

Former US President Trump also joined in the fun. He just announced that he would launch a digital currency platform called World Liberty Financial (WLFI). The platform will be equipped with digital wallets, credit account systems, and lending options that operate using stablecoins.

Meanwhile, Grayscale is recently launching its XRP Trust, Standard Chartered Bank has proposed that Bitcoin's price target depends on Harris or Trump's victory, and Coinbase plans to launch Wrapped Bitcoin (cbBTC) on the Base and Ethereum networks.

These dynamics indicate that Bitcoin's bull market may have just begun in terms of market data, and the altcoin market has also had a more positive impact. In short, this is an exciting week for the industry!

💬   How long do you think this wave of upward trend can last? Share your thoughts in the comment section!

#比特币 #加密货币市场 #市场回顾 #MicroStrategy #特朗普

🚀 Musk's SpaceX holds up to $500 million worth of Bitcoin! 🌌

Elon Musk's SpaceX has not only made great achievements in the field of space exploration, but their investment in Bitcoin (BTC) also shows the company's optimism about the future of financial technology.

Recently, on-chain detective Arkharm Intelligence revealed that SpaceX holds up to $500 million worth of Bitcoin. This shows that SpaceX is not only passionate about space exploration, but also has confidence in the cryptocurrency market.

This SpaceX's "North Star Dawn" mission, with a crew of four civilians staying in orbit for five days to conduct research and spacewalks, marks the beginning of one of SpaceX's riskiest missions.

Although Musk said at the 2021 "B Word" conference that SpaceX owns Bitcoin, the size of the company's BTC investment has been a mystery until Arkham released its report earlier this year.

Musk has a long and turbulent history of incorporating crypto assets such as Bitcoin into business operations. In March 2021, Tesla began accepting Bitcoin as a form of payment for new electric vehicles, but less than two months later, the program was suspended due to concerns about the impact of Bitcoin mining on the environment.

What do you think SpaceX's investment in Bitcoin means? Does it indicate that cryptocurrencies will play a larger role in future business operations?

Share your thoughts in the comments section, and let's explore the possible impact of SpaceX's Bitcoin holdings on the market!

#SpaceX #比特币 #加密货币 #北极星黎明 #埃隆马斯克

🚨 Tether is caught in audit storm again: Consumer Research Organization reveals potential risks 📊

Recently, the Consumer Research Organization has made serious criticisms of Tether, pointing out that the USDT stablecoin issued by the company has failed to fulfill the audit commitment made nearly a decade ago, raising public concerns about the stability of USDT and the potential for significant risks.

In a letter to Washington State Governor Jay Inslee, the organization pointed out that Tether failed to provide an independent audit to prove the authenticity of its USDT stablecoin pegged to the US dollar at a 1:1 ratio.

They also mentioned Tether's business dealings with some bad actors, including cooperation with sanctioned cryptocurrency exchanges Garantex and BitPapa. The report also cited the Wall Street Journal's accusation that US law enforcement agencies have facilitated illegal economic activities.

Despite these concerns, Tether's financial report shows that the company's profits in 2023 exceeded BlackRock's $5.5 billion profits, reaching a staggering $6.2 billion.

Tether's series of actions and profit achievements make people question whether Tether's business model is really as transparent and secure as they say.

In a recent legal action, the UK High Court ruled that Tether's USDT stablecoin qualifies as property, which may provide more support for Tether's legal position.

Finally, the report from Consumer Research reminds us that despite Tether's financial success, its lack of auditing and transparency remains a concern.

This is not only a warning to investors, but also a challenge to the regulation and compliance of the entire cryptocurrency industry.

💬 What do you think of Tether's audit controversy? As the world's largest dollar stablecoin, USDT, if it is investigated and audited by regulators, will it have a serious impact on the cryptocurrency market? Share your views in the comments!

#Tether #USDT #审计争议 #消费者研究 #加密货币市场动态

📰 US pressures Nigeria to release Binance executive 🇺🇳

The US government is quietly pressuring the Nigerian government to release Binance executive Tigran Gambaryan, who has been detained since February.

According to the New York Times, Gambaryan's deteriorating health in detention has raised humanitarian concerns.

During the months in custody, Gambaryan was diagnosed with malaria and complications related to a herniated disc, and his family claimed that he did not receive proper medical care in prison, causing his condition to deteriorate.

US Secretary of State Antony Blinken and other US diplomats have held multiple discussions with Nigerian officials seeking Gambaryan's release.

Although Nigerian officials insist that Gambaryan is able to receive proper medical care, the US government's concerns have attracted international attention.

Later, Bayo Onanuga, a senior adviser to the Nigerian president, acknowledged the US government's concerns and said that the government is working hard to comply with the law and will consider Gambaryan's humanitarian rights.

Gambaryan's case has become a major point of contention in US-Nigeria relations. His lawyers asked the US State Department to characterize it as an "illegal detention" to increase pressure on Nigeria.

Meanwhile, Congressman Rich McCormick even proposed a resolution calling Gambaryan's detention a "hostage" incident and accusing Nigeria of holding him to extort money from cryptocurrency exchanges.

It is reported that Gambaryan was arrested during a business trip to Nigeria while holding a meeting on Binance's business. Nigerian authorities accused Binance of allowing local funds to be transferred out, devaluing the naira and undermining the local economy.

Although the tax charges were later dropped, Gambaryan still faces charges of money laundering and tax evasion. On the other hand, Binance argued that Gambaryan should not be held responsible for the company's actions and said he was just a mid-level employee.

In summary, the calls from US diplomats and Gambaryan's deteriorating health have made this incident a focus of international attention.

💬 What do you think of the US government's efforts to release Binance executives? Will the attention of the international community affect the final outcome of the case?

#币安 #尼日利亚非法拘留币安高管 #人道主义释放 #国际关系

🚀 Ethereum is about to outperform Bitcoin? Analysts say so~

Legendary analyst Benjamin Cowen recently said in an interview with the Bankless podcast that he is very confident about the future of Ethereum (ETH) and believes that it will soon surpass Bitcoin (BTC).

Although the prices of both Bitcoin and Ethereum have experienced considerable volatility recently, Cowen believes that Ethereum's downward trend will end before the end of the year and lay the foundation for recovery.

Cowen analyzed the current market conditions and compared the price trends of Bitcoin and Ethereum. He pointed out that Ethereum follows a unique trend pattern in each cycle, usually the ETH/BTC trading pair will first reach a high point and then fall, forming a lower high.

He also revealed that since Ethereum first broke through the support level in 2016 and reached its peak, the retracement strength exceeded 70%. However, the cryptocurrency eventually resumed its upward trajectory quickly in the year after the third halving.

Cowen emphasized that this price trend will repeat in every bull market cycle, and Ethereum is currently following this trajectory.

Looking back at historical data, it can be found that Ethereum has generally outperformed Bitcoin in previous bull cycles, so he believes that Ethereum can surpass it again in this bull market.

He also expects that the price of the ETH/BTC pair will bottom out by the end of this year with the upcoming change in the Federal Reserve (FED) policy. Cowen predicts that the price of Ethereum may fall below $2,000 in the fourth quarter and then rebound to a new level.

In the podcast, Cowen was also asked the question "Is the bull market over?" He responded that the market has gone through the quantitative tightening (QT) phase of the bull market and is preparing for the quantitative easing (QE) bull market in 2025.

💬 Do you think Ethereum can outperform Bitcoin in this bull market? Share your views in the comment section!

#以太坊 #比特币 #加密货币市场 #分析师预测 #牛市趋势