Crypto Market Outlook Remains Strong, Says Victory Securities CEO

IconCryptoNewsTerminal Staff12 Jun, 2024

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Crypto Market Outlook Remains Strong, Says Victory Securities CEO

Victory Securities CEO Zhou Lele recently expressed his optimism about the cryptocurrency industry, citing several positive factors. One key indicator is the decline in stablecoin holdings on centralized exchanges, signaling restored investor confidence. Additionally, the increasing number of active and new Ethereum addresses suggests long-term market growth. Lele also anticipates positive effects from potential interest rate cuts in the US, which could benefit cryptocurrencies overall.