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.
Solana (SOL) continues to impress with steady gains, trading firmly above $150 and extending its winning streak into a fourth consecutive week.
Grayscale is pushing to break new ground in the crypto ETF space, recently meeting with the U.S. Securities and Exchange Commission’s (SEC) Cryptocurrency Task Force to discuss an expansion of its Ethereum offerings.
The team behind the Official Melania Meme token (MELANIA) appears to be quietly offloading their holdings, raising questions about what might come next.
Bitcoin started the week strong, climbing past $94,000 and nearing the $95,000 mark, just as the market braces for important U.S. economic data.