There seems to be as many positives as negatives for the crypto market. With the market currently vaguely bullish, but generally trending sideways, perhaps a catalyst is needed to launch the market in one particular direction.
There are a few things that need to be taken into account when assessing whether bitcoin and the rest of the crypto market are going to continue on up, or whether the entire crypto market is going to sink down to a much deeper correction.
The negatives
If analysts at JP Morgan are to be believed, the Spot Bitcoin ETF launches were a failure. You then ally this information with analyst Jim Cramer, who commented “Nobody showed up”, and also economist, and long time Bitcoin critic Peter Schiff, who termed the launches as “another disaster”. In the same vein, you could quote Arthur Hayes, ex CEO of BitMEX, who says that crypto is “going much lower”.
In addition, many commentators are pointing to the continued pressure from the Grayscale ETF selling, whi
We współpracy z: https://cryptodaily.co.uk/2024/01/catalyst-needed-to-send-crypto-market-up-or-down
