Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says
Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal.
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Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal.
“The gravitational pull in crypto for the time being stays in BTC,” said K33 senior analyst Vetle Lunde.
The price of Bitcoin and Ethereum surged nearly 4% in just a 15-minute window, sparking bullish predictions for the remainder of October.
Ethereum spot ETF request, Ripple’s potential win against the SEC, and growing decentralized app dominance retain hope for ETH investors.
Today marks eight years since the Ethereum Foundation first announced the rollout of its network.
The Ethereum network has faced withdrawals from its smart contract applications, putting the recent ETH price rally in check.
Weak derivatives metrics, and declining TVL and DApps use, put Ethereum bears in a better position to keep ETH price below $2,000.
Regulatory uncertainty and the lack of transparency on stablecoins caused crypto markets to trade at its lowest levels in 3 months.
BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking "action packed" for crypto volatility.
Another top-20 U.S. bank bites the dust, but Ethereum price fails to benefit from the event.