The main question investors are asking themselves is whether the crypto market cycle has reached its peaked.
Raising the question of whether to sell assets now and buy back at lower prices later, or to view current dips as buying opportunities.
Analyst Satoshi Stacker highlights that the Federal Reserve’s potential rate cuts are a key factor affecting both crypto and traditional markets.
Although FED officials have stated decisions will depend on upcoming data, recent positive comments following disinflation data from May and June hint at possible rate cuts.
Another bullish factor, according to Stacker, is the expected $16 billion payout to FTX creditors this year, which could significantly boost the crypto market if even a portion is reinvested.
Historical trends also show that Q4 often delivers strong returns for Bitcoin, and the upcoming U.S. election might influence market behavior, typically causing a dip before the election and a rally afterward.
Recent activity saw Bitcoin rise slightly to liquidate positions, with notable liquidity levels just below $57K and around $60K.
Crypto.com’s blockchain Cronos is proposing to reintroduce 70 billion CRO tokens that were previously burned in 2021, a move that would restore the total supply to 100 billion CRO.
Despite Bitcoin’s recent significant drop, Cryptoquant’s founder, Ki Young Ju, has found reason for optimism.
Coinbase CEO Brian Armstrong believes that if the U.S. were to establish a crypto reserve, Bitcoin should be its primary asset, likening it to a modern successor to gold.
Binance is set to remove several stablecoins from its platform in the European Economic Area (EEA) by March 31, in line with the region’s new Markets in Crypto-Assets Regulation (MiCA).