💲 Dollar Will Soon Be Digitized?

When is the Crypto Market Bullish?

If you are a trader, you need to know when the market is bullish in order to join in or take actions that benefit you. So, what are the signals of a bullish market?

Here are the main signs to watch:

1/ Price Trend
A clear upward price trend over weeks or months is a strong sign of a bull market. You’ll notice the price consistently rising, which can be tracked by looking at cryptocurrency charts. Other tools like moving averages and trend lines can help spot this pattern.

2/ Trading Volume
When more people are buying and selling a cryptocurrency, trading volume goes up. High trading volume usually means there is a lot of interest and demand, which could signal a bull market.

3/ Market Capitalization
Market capitalization is the total value of all cryptocurrencies combined. If this value is rising, it often means the market is growing, and more investors are getting involved. You can also check other numbers like the total value locked (TVL) in decentralized finance (DeFi) to see how much people are investing in blockchain projects.

4/ Market Sentiment
Market sentiment reflects how investors feel about the market. In a bull market, people feel positive and hopeful about the future, which can push prices even higher. Positive news, like big companies adopting crypto, can also fuel this excitement (In the next issue, we will dive in to this topic)

5/ Exchange Inflows and Outflows
Look at how much cryptocurrency is going into and out of exchanges. If more coins are leaving exchanges (outflows), it usually means people are holding their crypto for the long term, which is a bullish sign. If coins are entering exchanges (inflows), it could mean investors are selling, which might signal a downtrend.

💬 Jim Cramer recommended Bitcoin and Ethereum for investment portfolios. After his endorsement, Bitcoin dropped 8%. This sparked debate about whether his advice signals a market dip or a rise in crypto prices.

💲 The rise of global digital currencies and the need for U.S. financial leadership drive the idea of a digital dollar. In response, Giancarlo advocates for private-sector solutions, opposing government-backed CBDCs due to privacy concerns.

👉 Over $552M in stolen crypto was laundered through Tornado Cash in 2024, with 60% from high-risk sources and major hacks.

🌐 Cardano founder Charles Hoskinson predicts Bitcoin DeFi will surpass all other crypto DeFi in 2-3 years, with Bitcoin's price reaching $250,000 to $500,000.

📋 Pav Hundal predicts Bitcoin needs to break $100k for altcoins to surge, with altcoin market choppy until then.

💎 Hong Kong proposes tax relief on crypto gains for sophisticated investors, extending benefits to pension funds and family offices to attract global capital.

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The Crypto Fire Team