In Bitcoin and altcoins, it is welcomed that trillion-dollar companies apply for spot Bitcoin ETFs.
In this context, while BTC went up to $ 29,000, there were also increases in many altcoins, especially Ethereum (ETH).
While the positive activity in cryptocurrencies continues, a new assessment came from the crypto analysis firm Nansen about the Bitcoin bull rally.
Pointing out that some conditions must be met for the bull to start in Bitcoin, Nansen stated that these conditions are related to the USA.
According to Nansen, there needs to be regulatory clarity and lower inflation for crypto in the US for the real bull to start in BTC and altcoins.
Nansen analyst Aurelie Barthere made the following statements on the subject:
“Shallow BTC sales and continued decline in crypto volatility tell us a lot of regulatory and macro bad news is already priced in.
The recession scenario is being pushed back and inflation remains baffling with its stubbornness.
This has non-linear effects where monetary policy remains more restrictive for longer, thus becoming an increasing headwind for risky assets. "
BTC continues to trade at $ 28,869, with an increase of 7.63% in the last 24 hours.
*Not investment advice.
