Bitcoin

Top 10 Reasons Why a Crypto Bull Run Is Coming: Are You Prepared?

Published

6 months ago

20 July, 2024

Crypto Bulls – On Your Positions!

Lark Davis, a renowned cryptocurrency analyst celebrated for his talent in predicting market movements, predicts an imminent bull run in the cryptocurrency world. With extensive experience and a track record of accurate predictions, Davis highlights ten key factors that could trigger this explosive rally. Dive in to find out what could take the cryptocurrency market to new heights!

The political scenario: an optimistic turn?

In his latest video analysis, Lark Davis looks ahead to the upcoming 2024 presidential election. With Donald Trump positioned as a strong contender, his pro-crypto stance, coupled with his vice presidential pick JD Vance — an ardent Bitcoin advocate — could create a more favorable environment for crypto assets. A Trump victory could signal an end to regulatory uncertainty and pave the way for a bullish market.

Altcoin ETFs on the Horizon

The next big development in the crypto space is the advent of altcoin ETFs. Following the recent SEC setbacks, the possibility of new ETFs for various altcoins, including a ETH ETF in sightis on the rise. Financial products from companies like VanEck, 21Shares, and Hashdex may soon become available, potentially increasing liquidity and accessibility in the altcoin market.

Growth of global M2 money supply

Davis predicts an increase in the global money supply, which typically leads to higher cryptocurrency prices. With the U.S. easing its tight monetary policies and China increasing its money printing, this influx of capital could drive up the prices of Bitcoin and other cryptocurrencies.

Increase in Global Liquidity Index

The global liquidity index, reflecting factors such as interest rates and credit conditions, is on the rise. This trend suggests improved market liquidity, which often correlates with higher asset prices. As the index recovers from its recent lows, cryptocurrencies could see gains due to improved liquidity.

New High-Profile Bitcoin Sponsors

Davis points out that Bitcoin gained support from influential figures such as Larry Fink

Larry Fink Larry Fink is the founder, chairman, and chief executive officer of BlackRock, a global investment management firm and technology provider renowned for advancing sustainable investing for better investor outcomes. He founded the BlackRock platform with the purpose of helping as many people as possible experience financial well-being. By making investing easier and more accessible, Larry Fink is contributing to a more equitable and resilient world today and for generations to come. Previously, he was the managing director of First Boston Corporation, where he worked for 12 years. Larry Fink serves on the Board of Trustees of New York University and the World Economic Forum, and is also the co-chair of the Board of Trustees of NYU Langone Medical Center. He also serves on the boards of the Museum of Modern Art, the International Rescue Committee, and the Council on Foreign Relations. He currently focuses primarily on shaping the economy and innovative thinking across the path to net zero in BlackRock’s culture. EntrepreneurChief Executive OfficerChairman

COO of Black Rock

blackrock Fintech SolutionAdvisoryInvestment platform

and Michael Dell, CEO of Dell Technologies. Their endorsements are seen as significant validation for Bitcoin, potentially attracting more institutional investment into the crypto space.

Interest rate cuts expected

Interest rate cuts are expected, which historically benefit asset prices, including cryptocurrencies. Several European banks have already cut rates, and the US Federal Reserve is expected to follow suit this fall. Such monetary easing could further spur interest and investment in Bitcoin and other cryptocurrencies.

No sign of a P Cycle Top yet

The P Cycle Top indicator, known for predicting past market peaks, has yet to signal a top in the current cycle. This suggests there is still considerable room for growth before a potential market peak. Davis is closely monitoring this indicator for future signals.

A multipolar world favors Bitcoin

In an increasingly multipolar world where traditional fiat currencies are facing challenges, Bitcoin is emerging as an attractive alternative. As global powers like China and India rise, Bitcoin’s decentralized nature and resistance to currency debasement make it a strong choice for investors seeking stability beyond conventional fiat systems.

High Demand for Bitcoin ETFs

Spot Bitcoin ETFs are absorbing substantial amounts of Bitcoin. US spot ETFs are buying nearly double the daily production of Bitcoin. This intense demand from institutional investors through ETFs is creating a notable imbalance between supply and demand, fueling the bullish sentiment in the market.

Bitcoin Supply Shock Imminent

Finally, Davis predicts a Bitcoin supply shock stemming from the halving cycle. Historically, such supply shocks following Bitcoin halvings have led to significant price increases. With the current cycle just past its midpoint, Davis expects the effects of this supply shock to become evident soon, potentially driving prices higher.

With these emerging trends and growing institutional interest, the cryptocurrency market looks set for a remarkable bull run. Stay tuned for what promises to be one of the most exciting periods in cryptocurrency history!

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Related Topics:altcoins bitcoin Price analysis

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AltcoinUpdates Staff

We are the editorial team of Altcoin Updates, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Altcoin Updates, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

Bitcoin (BTC), Stocks Bleed as China’s Surprise Rate Cut Signals Panic, Treasury Yield Curve Steepens

Published

6 months ago

25 July, 2024

AltcoinUpdates Staff

Bitcoin (BTC), Stocks Bleed as China’s Surprise Rate Cut Signals Panic, Treasury Yield Curve Steepens

Risk assets fell on Thursday as China’s second rate cut in a week raised concerns of instability in the world’s second-largest economy.

Bitcoin (BTC)the leading cryptocurrency by market cap, is down nearly 2% since midnight UTC to around $64,000 and ether (ETH) fell more than 5%, dragging the broader altcoin market lower. The CoinDesk 20 Index (CD20), a measure of the broader cryptocurrency market, lost 4.6% in 24 hours.

In equity markets, Germany’s DAX, France’s CAC and the euro zone’s Euro Stoxx 50 all fell more than 1.5%, and futures linked to the tech-heavy Nasdaq 100 were down slightly after the index’s 3% drop on Wednesday, according to the data source. Investing.com.

On Thursday morning, the People’s Bank of China (PBoC) announced a surprise, cut outside the schedule in its one-year medium-term lending rate to 2.3% from 2.5%, injecting 200 billion yuan ($27.5 billion) of liquidity into the market. That is the biggest reduction since 2020.

The movement, together with similar reductions in other lending rates earlier this week shows the urgency among policymakers to sustain growth after their recent third plenary offered little hope of a boost. Data released earlier this month showed China’s economy expanded 4.7% in the second quarter at an annualized pace, much weaker than the 5.1% estimated and slower than the 5.3% in the first quarter.

“Equity futures are flat after yesterday’s bloody session that shook sentiment across asset classes,” Ilan Solot, senior global strategist at Marex Solutions, said in a note shared with CoinDesk. “The PBoC’s decision to cut rates in a surprise move has only added to the sense of panic.” Marex Solutions, a division of global financial platform Marex, specializes in creating and distributing custom derivatives products and issuing structured products tied to cryptocurrencies.

Solot noted the continued “steepening of the US Treasury yield curve” as a threat to risk assets including cryptocurrencies, echoing CoinDesk Reports since the beginning of this month.

The yield curve steepens when the difference between longer-duration and shorter-duration bond yields widens. This month, the spread between 10-year and two-year Treasury yields widened by 20 basis points to -0.12 basis points (bps), mainly due to stickier 10-year yields.

“For me, the biggest concern is the shape of the US yield curve, which continues to steepen. The 2- and 10-year curve is not only -12 bps inverted, compared to -50 bps last month. The recent moves have been led by the rise in back-end [10y] yields and lower-than-expected decline in yields,” Solot said.

That’s a sign that markets expect the Fed to cut rates but see tighter inflation and expansionary fiscal policy as growing risks, Solot said.

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Bitcoin

How systematic approaches reduce investor risk

Published

6 months ago

25 July, 2024

AltcoinUpdates Staff

How systematic approaches reduce investor risk

Low liquidity, regulatory uncertainty and speculative behavior contribute to inefficiency in crypto markets. But systematic approaches, including momentum indices, can reduce risks for investors, says Gregory Mall, head of investment solutions at AMINA Bank.

July 24, 2024, 5:30 p.m.

Updated July 24, 2024, 5:35 p.m.

(Benjamin Cheng/Unsplash)

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Bitcoin

India to Release Crypto Policy Position by September After Consultations with Stakeholders: Report

Published

6 months ago

25 July, 2024

AltcoinUpdates Staff

“The policy position is how one consults with relevant stakeholders, so it’s to go out in public and say here’s a discussion paper, these are the issues and then stakeholders will give their views,” said Seth, who is the Secretary for Economic Affairs. “A cross-ministerial group is currently looking at a broader policy on cryptocurrencies. We hope to release the discussion paper before September.”

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Bitcoin

Bitcoin (BTC), Ether (ETH) slide as risk aversion spreads to crypto markets

Published

6 months ago

25 July, 2024

AltcoinUpdates Staff

Bitcoin (BTC), Ether (ETH) slide as risk aversion spreads to crypto markets

Ether, the second-largest token, fueled a slide in digital assets after a stock rout spread unease across global markets.

Ether fell about 6%, the most in three weeks, and was trading at $3,188 as of 6:45 a.m. Thursday in London. Market leader Bitcoin fell about 3% to $64,260.

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