5 Reasons Why Crypto Market Summer is Over & Bull Run is Next
The post 5 Reasons Why Crypto Market Summer is Over & Bull Run is Next appeared on BitcoinEthereumNews.com.
As the calendar shifts from summer to autumn, the crypto market follows suit, signaling the end of a season marked by volatility and uncertainty. Crypto summer, from June 20, 2024, to September 22, 2024, was characterized by market crashes and brief rallies, leaving investors eager for what lies ahead. Historically, the transition from summer to autumn has often been the precursor to a bullish phase in the crypto market. Many believe the stage is set for a powerful bull run that could extend well into 2025 and 2026. Here are five key reasons why the crypto summer is over, and a new bull market may be imminent. 5 Indicators Signaling the End of Crypto Market Summer and the Onset of the Bull Run Summer is over, and Autumn is here. Historically, many great things happen in crypto, the chief of which is the bull run supercycle. The Bitcoin price has increased materially following each halving, with the bulk of the returns realized between 12 months and 18 months after the halving event. Here are things to watch out for that signal the beginning of the bull run: 1. Rate Cuts The most recent U.S. interest rate cut by the Federal Open Market Committee (FOMC) resulted in a Bitcoin price surge. The cut was the first in the last four years and sparked optimism in the markets for the potential start of the crypto bull run. The 50-basis points (bps) cut on September 18 marks the first of many aimed at curbing inflation. Crypto inflows surged by over $300 million following the Fed’s rate cut, signaling it could be the potential start of a market rally. 2. Q4 (historical data points to 98% return in Q4) Historical data points to a strong price performance of Bitcoin and cryptocurrencies in the fourth…
Filed under: News - @ September 24, 2024 10:28 am