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🟨CRYPTOCURRENCY MARKET: TEMPORARY DOWNTURN, PROMISING FUTURE

🟨CRYPTOCURRENCY MARKET: TEMPORARY DOWNTURN, PROMISING FUTURE

Giorno: 10 luglio 2024 | Ora: 17:52 Bitwise's Chief Investment Officer, Matt Hougan, has stated that the negative factors influencing the cryptocurrency market are temporary and that the period of low liquidity will soon come to an end. On the contrary, there are several elements creating a favorable environment for cryptocurrencies in the long term, such as the arrival of a Bitcoin ETF, the reduction of Bitcoin mining rewards, a shift in political attitude towards an Ethereum ETF, and the prospect of a rate cut by the Federal Reserve. Hougan believes that, along with the growth of the stablecoin market, the development of Layer 2 solutions, and the participation of institutions like BlackRock, a combination of these developments could push the price of Bitcoin to reach $100,000 and lead ETH to new all-time highs in the second half of the year. Source