Crypto market eyes extended bull run as Fed rate cuts, ETF hopes fuel optimism

The crypto market could be bracing for a continued bull run, despite the recent events that have hit the ￰0￱ of the drivers of this optimism is the speculation that the Federal Reserve would be cutting interest rates in September after the Fed Chair, Jerome Powell, gave hints of that ￰1￱ driver is coming from the regulatory part, as US regulators are also considering the approval of the first wave of altcoin exchange-traded ￰2￱ traders believe the lull of recent months is about to give way to a new rally heading into autumn and winter ￰3￱ analysts pointed out that the share of Bitcoin held for more than a year has reached levels usually seen near the end of ￰4￱ in the past, however, the upward slope is flattening, a sign that the cycle may last ￰5￱ adoption and the popularity of spot ETFs are part of the reason.

“Any additional corrections could present an attractive opportunity,” the analyst ￰6￱ realized cap chart:) is now reviewing more than 70 applications for altcoins. Solana, XRP, and even Dogecoin are among the tokens under consideration, with decisions possible as soon as ￰7￱ ETFs brought billions in institutional inflows within weeks of launch. A similar move for altcoins could transform liquidity and pricing for a range of assets beyond Bitcoin and ￰8￱ of change on-chain According to CryptoQuant , the average size of deposits hitting Binance, long seen as a retail-heavy exchange, has ￰9￱ early 2024, the average was less than one Bitcoin. Today, it stands above ￰10￱ shift suggests that whales are now more active on the platform, taking positions for what could be the next big ￰11￱ average size of Bitcoin deposits into Binance has soared above 14 this cycle.