Hey Guys,
Would you believe me if I told you that the crypto market could be on the cusp of a massive recovery?
Well, it looks like this could very well be the case. After almost 4 months of decline we're starting to find a bottom that the crypto market can bounce off of, and we could be in for 1-2 months of green. This is for many reasons.
For starters, the cost of producing BTC has gone down, so Bitcoin miners are starting to make some decent profits again. Ethereum developers have also announced a tentative date for the merge which has markets in a mania. Celsius filing for bankruptcy could be playing a role as well, because now investors have some certainty about what's going on there.
The Federal Reserve will also be off over the summer after their meeting later this month. Assuming they don't do anything that investors aren't expecting, crypto could have the momentum it needs to continue its short-term rally. This also depends on the GDP figures that come out the next day, but I think I've said enough for now.
You'll have to watch to find out what's coming!
~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► Crypto Recovery: https://finance.yahoo.com/news/why-bi…
► JP Morgan Bitcoin Report: https://decrypt.co/105251/how-much-do…
► Ethereum Merge Date: https://cryptoslate.com/ethereum-deve…
► Celsius Files For Bankruptcy: https://cointelegraph.com/news/breaki…
► Tech Company Earnings: https://www.theguardian.com/business/…
► Inflation Comes In Hot: https://www.cnbc.com/2022/07/13/infla…
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
