In an interview with CNBC today, Brian Armstrong, CEO of company#Coinbase. , stated that the crypto currency market may already be on the verge of a new bull cycle.
He explained that Bitcoin’s price breaking above the $72,000 level is a strong signal of a return of investment momentum, especially as the Congressional vote on the Digital Assets Regulation Act (CLARITY Act) approaches in mid-September.
Armstrong also noted that historical patterns after the Halving event usually support strong upward waves in the final quarter of the year, confirming that the length of the previous decline period aligns with traditional market cycles.
$BIO $BTC $BOME #CoinbasePrime
He explained that Bitcoin’s price breaking above the $72,000 level is a strong signal of a return of investment momentum, especially as the Congressional vote on the Digital Assets Regulation Act (CLARITY Act) approaches in mid-September.
Armstrong also noted that historical patterns after the Halving event usually support strong upward waves in the final quarter of the year, confirming that the length of the previous decline period aligns with traditional market cycles.
$BIO $BTC $BOME #CoinbasePrime