Orijinal yazar: DeFi Warhol
Orijinal çeviri: TechFlow
I’ve been in the cryptocurrency space for 7 years and right now we are in one of the most bullish market environments I’ve ever seen. Here are 10 factors that could cause altcoin prices to surge in the coming months:
1. FTX’s $16 billion compensation
Recently, FTX is distributing a total of $16 billion, of which $12 billion is in cash. It is expected that many of those who received these funds will reinvest in the market, triggering a new round of buying.
2. Global Liquidity Index
The correlation between the cryptocurrency market and global liquidity is very clear. Whenever this index reaches the current level, the market usually ushered in a strong rebound.
3. Ethereum ETF
Although Ethereum ETFs are currently developing slowly, I firmly believe that they will catch up soon. It is just a matter of time.
4. BlackRock’s BUILD Fund
In addition to ETFs, BlackRock, the worlds largest asset management company, is very optimistic about blockchain technology. The BUILD fund has once again proved this, and this is just the beginning.
5. Goldman Sachs embraces tokenization
Think BlackRock is the only one taking action? Think again. Major institutions have already joined the ranks.
6. US election
Trump’s presidency is a positive for cryptocurrencies as his administration is supportive of the industry. Currently, he is slightly ahead in the race, so it will be worth keeping an eye on.
7. Rate cuts
The market currently expects that there may be three interest rate cuts this year, with the probability of a 25 basis point cut in September being as high as 90%.
8. Ordinary investors are still on the sidelines
Google searches for “cryptocurrency” and “bitcoin” remain at bear market levels. In addition, the Coinbase app ranks only 416th.
9. US Dollar Index
DXY has been falling over the past few months and is currently trading at a critical support level. If this support level is breached, it could be extremely bullish for the cryptocurrency.
10. Bearish factors are fading
The main reasons for the market sell-off, including the MtGox incident, the German sell-off of Bitcoin, jump trading, recession fears and war, seem to be gradually subsiding and these factors are weakening.
This article is sourced from the internet: Is the copycat season coming? A look at the 10 major catalyst events
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