The cryptocurrency market has recently seen a dramatic reversal! Spot BTC ETFs attracted over $1.6 billion in inflows in a single week, and the signal from the main institutional capital entering the market is extremely strong. BTC surged intraday, breaking above $79,000, while Ethereum (ETH) and major altcoins have also shown a strong momentum of rebound following the move.
Combined with the recent SEC’s release of the “new regulations for crypto assets” (Regulation Crypto Assets) and improvements in macro liquidity, market institutions generally believe that the process of forming the bottom and completing the base-building phase for this round has already been finished.
Combined with the recent SEC’s release of the “new regulations for crypto assets” (Regulation Crypto Assets) and improvements in macro liquidity, market institutions generally believe that the process of forming the bottom and completing the base-building phase for this round has already been finished.
