Total Crypto Market cap will increase in the coming months.
Updated
As the Feds start the new round of Quantitative Easing (QE) of about 60 billion $ monthly infusion for next 10-12 months this translates into more supply of USD into the market. This causes the value of different asset classes to appreciate depending on their different characteristics. Institutional and retail investors are looking at alternate asset classes to hedge their investments against recession type scenarios. Crypto has shown promise as more and more funds are flowing into institutional grade products such as those offered by Grayscale, Pantera capital etc. Wall street wants more exposure to crypto assets.
This coupled with geopolitical tensions across the world will drive even retail investors to stash a part of their portfolio into assets that hedge the current structure of the financial system.
Money will flow into both bitcoin and altcoins.
From the price action point of view, the diagonal trendline is acting as support, weekly MACD is reversing from bearish and RSI drop has decelerated. Expecting the market to double in market cap before the May 2020 halving.
Note: This is not financial advise.
This coupled with geopolitical tensions across the world will drive even retail investors to stash a part of their portfolio into assets that hedge the current structure of the financial system.
Money will flow into both bitcoin and altcoins.
From the price action point of view, the diagonal trendline is acting as support, weekly MACD is reversing from bearish and RSI drop has decelerated. Expecting the market to double in market cap before the May 2020 halving.
Note: This is not financial advise.
Trade active
Still valid. 30 billion pumped in after China announcement theblockcrypto.com/post/44646/xi-jinping-says-to-let-china-take-the-leading-position-in-blockchain
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