Positive Factors Drive Crypto Market Uptrend, Says Grayscale
CryptoNewsTerminal Staff03 Jun, 2024
Positive Factors Drive Crypto Market Uptrend, Says Grayscale
Grayscale, in its report, stated that "the cryptocurrency market is showing an uptrend due to positive factors such as the continuous inflow of capital into US BTC spot ETFs, bipartisan cooperation in Congress to prepare regulatory measures, and activation of the Ethereum ecosystem." They further explained that "If the macroeconomic situation is supportive, the uptrend in the cryptocurrency market is expected to continue after this summer. However, it is important to note that the positive factors are already reflected in the price, and the intrinsic volatility of traditional asset groups has decreased. Global economic outlook, news related to the US Federal Reserve's monetary policy, and the presidential election may also negatively affect the market."
