EXCLUSIVE: Will The Crypto Bulls Come Back In the Fall? Experts Explain Why Summers Are Not The Best For Bitcoin, Ethereum And Other Coins
Portfolio Pulse from Aniket Verma
Experts explain why summer months are typically slow for cryptocurrencies like Bitcoin and Ethereum, with lower trading volumes and market cap. However, fall and winter are expected to see increased activity and potential price gains, driven by returning investors and possible Federal Reserve rate cuts.
June 20, 2024 | 11:45 am
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Bitcoin experiences lower trading volumes and market cap during summer but is expected to see increased activity and potential price gains in fall and winter.
Historical data and expert opinions suggest that Bitcoin's trading volumes and market cap decrease during summer due to lower investor activity. However, fall and winter are expected to bring increased liquidity and potential price gains, driven by returning investors and possible Federal Reserve rate cuts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100