Long

Satoshi

Bitcoin

Coin

<p>The crypto market has not been as positive as expected. By many analysts predictions, the market should already be deep into the bull run with many top cryptos consistently hitting double-digit highs already by this time. However, they have been struggling to maintain a bullish trajectories.</p>
<p>Ash Crypto, a cryptocurrency analyst with over 1.1 million followers on X, shared his thoughts on why the crypto market has been dull with little activity lately. The following paragraphs describe what they uncovered</p>
<p><strong>Market Capitalization and Required Investment</strong></p>
<p>All cryptocurrencies are worth $2.2 trillion in total. Bitcoin makes up $1.2 trillion of that. Ash Crypto says that to increase Bitcoin’s price from $61,000 to $74,000, $265 billion would need to be invested. This is a very large amount of money that would be required to make a big change.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Why is the market so BORING right now?<br><br>1. Crypto Total Market Cap<br><br>– TOTAL MCap is $2.2 trillion. <br>– BTC MCap is $1.2 trillion.<br><br>In order to move the price of BTC from $61k to $74k (new ATH), we need $265 billion injected into the market.<br><br>That's a lot of money! <br><br>Where can we…</p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1806259014348447918?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p><strong>Trading Volume and Liquidity</strong></p>
<p>A key factor is the low trading volume since April 2023. Ash Crypto says, “Volume equals money in, which equals liquidity.” The current lack of active trading is holding back price changes.</p>
<p><strong>Potential Sources of Liquidity</strong></p>
<p>Ash Crypto identifies several potential sources of liquidity that could reinvigorate the market:</p>
<ol>
 <li>Treasury Buyback: This could introduce $2 billion in liquidity per week.</li>
 <li>Interest Rate Cuts: Anticipated this year, though possibly delayed due to the upcoming election.</li>
 <li>Election Year Dynamics: Typically bullish for investments.</li>
</ol>
<p>However, the timing and impact of these factors remain uncertain.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/binance-coin-bnb-faces-potential-downturn-as-key-support-level-breaches-analyst-warns-of-a-crash/" target="_blank" rel="noopener noreferrer nofollow"> Binance Coin (BNB) Faces Potential Downturn as Key Support Level Breaches: Analyst Warns of a Crash</a></em></strong></p>
<p><strong>Bearish Sentiment and Market Headwinds</strong></p>
<p>The current investor sentiment leans bearish, influenced by several factors:</p>
<ol>
 <li>Miners selling their holdings</li>
 <li>Uncertainty surrounding Mt. Gox-related developments</li>
 <li>German government’s cryptocurrency sales</li>
</ol>
<p>Ash Crypto suggests that the market needs to either wait for these sources of fear, uncertainty, and doubt (FUD) to dissipate or for a new catalyst to emerge.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="conclusion-and-advice-for-investors">Conclusion and Advice for Investors</h2>
<p>Though the market may be slow now, Ash Crypto suggests investors see this as a chance. They say this is a good time to research the market and buy more cryptocurrency. They end with a warning: “Crypto won’t wait for you to get ready. It will go up when it’s ready. So make sure your wallet is ready too.”</p>
<p>This view promotes a careful, strategic way to invest in crypto during slow market times. It stresses the need to be prepared for future market changes.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/heres-why-bitcoin-btc-and-other-cryptos-are-not-having-long-bullish-rallies-yet/" rel="noopener noreferrer nofollow">Here’s Why Bitcoin (BTC) and Other Cryptos Are Not Having Long Bullish Rallies Yet</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why Bitcoin (BTC) and Other Cryptos Are Not Having Long Bullish Rallies Yet

Table of Contents

CaptainAltcoin

Other articles published on Jun 27, 2024

Harga WIF Lesu Pasca Akumulasi Whale, Bagaimana Prediksinya?

Shiba Inu (SHIB) on Its Way to $0.00001

Starknet Boosts Ethereum’s Scalability

Bitcoin Price Prediction: Historical Data Hints BTC Price To See Double Gains in July

Coinbase Picks Fresh Legal Battle With US SEC and FDIC

After Recent Cyberattacks, Users Seek Safety with Gate.io’s Proven Security

Join our free newsletter for daily crypto updates!