The post How to Seize Bull Market Opportunities? HTX’s New Crypto Loans Product Offers the Answer appeared on BitcoinEthereumNews.com.

Donald Trump’s victory in the U.S. presidential election earlier this November has ushered in a long-awaited bull market for the crypto industry, driving Bitcoin to new all-time highs. Recently, as Trump nominated several crypto-friendly figures to his cabinet and SEC Chair Gary Gensler resigned, the crypto community has become increasingly optimistic about the industry’s long-term development. Many prominent crypto experts remain bullish about the upcoming 2025. For instance, Arthur Hayes has predicted that Bitcoin could reach $250,000 by the end of next year. The arrival of the bull market is also evident in altcoins’ explosive growth. For a long time time, altcoins were sluggish, with most performing significantly worse than Bitcoin. However, they’ve recently caught up and even surpassed Bitcoin’s gains. According to data from Quantify Crypto, as of November 26, over 180 out of the top 200 cryptocurrencies by market cap, excluding stablecoins, saw price hikes over the past month, with more than 60 surging by at least 50%. The overall robust performance signals a true bull market, which has also brought investors opportunities to make their moves. This year, Bitcoin has become increasingly accepted in mainstream markets, and its role as a long-term store of value and a tool to hedge against inflation has been gradually recognized. As a result, many people, especially high-net-worth individuals, have reached a consensus that Bitcoin is worth holding for the long term. Meanwhile, crypto KOL Phyrex analyzed on-chain data and found that the number of Bitcoins held by high-net-worth investors (those with a holding of at least 10 Bitcoins) has been rising sharply in Bitcoin’s recent rally. Moreover, if Trump fulfills his campaign promise to establish a strategic Bitcoin reserve, Bitcoin’s status as a safe-haven asset will be further enhanced. At the same time, high-quality altcoins remain an excellent choice for investors…

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Filed under: News - @ November 28, 2024 7:26 am