Crypto Market to Recover in August-September, Says Wintermute CEO

IconCryptoNewsTerminal Staff04 Jul, 2024

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Crypto Market to Recover in August-September, Says Wintermute CEO

Evgeny Gaevoy, CEO of crypto market maker Wintermute, believes the crypto market will see a recovery sometime between August and September. He made the comments in a tweet on July 29th, saying "Seasonal summer lull. Market should wake up around Aug-Sept in time for US elections." There is no specific reason given for the predicted recovery, but the timing may be significant. The US presidential election is scheduled to take place on November 3rd. In the past, major events such as elections have been known to have an impact on the crypto market. Traders and investors may be more likely to buy or sell cryptocurrencies in response to election results. It is worth remembering, however, that the crypto market is volatile and can be affected by a wide range of factors, so the market may not respond as expected.

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