Yilihua: The 60-day crypto bear market may be coming to an end, and I remain optimistic about the upcoming market trend
Jinse Finance reported that Yi Lihua, founder of LiquidCapital (formerly LDCapital), stated on social media: Although BTC has returned to $93,000, BCH has reached a recent high, and WLFI has also surged and stabilized, ETH and the broader market are still lagging behind compared to the stock market and the overall favorable macro environment. With another crypto-friendly new chairman (Federal Reserve) confirmed after the SEC chairman, the crypto bear market that has lasted for 60 days may be coming to an end. These 60 days saw a significant decline in industry liquidity due to 1011, the four-year cycle resonance, Japan's interest rate hike, and government shutdowns, but these negative factors have now been digested. With the dual benefits of expected interest rate cuts and favorable crypto policies, I remain optimistic about the upcoming market. Investing always requires not only wisdom but also patience.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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