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Bitcoinsensus
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Markets Rises While Bitcoin Waits, and Some Altcoins Explode
- Markets are rising rapidly but cryptocurrencies, particularly Bitcoin, are hanging on despite favorable factors such as interest rate cuts and economic stimuli.
- Some altcoins like SPX 6900 and Solana Liquid Derivative have had explosive growth, while Ethereum is struggling to regain its previous high.
- The S&P 500 index has reached a new all-time high, but Bitcoin is still hovering around its moving averages.
- Many investors have expected a bull market, but lower interest rates and liquidity releases have not had the desired effect on cryptocurrencies.
- Andrew Kang and other investors believe that crypto is lagging behind because lower interest rates only indirectly affect cryptocurrencies and liquidity does not necessarily go to the crypto sector.
- The Chinese government recently sold 7,000 ETH and has 524,000 ETH remaining which, if sold, could worsen Ethereum's current struggles.
- The U.S. elections could also affect crypto regulations and the launch of XRP ETF, with some predicting a five-fold growth of Solana in case of Donald Trump's victory.
- Assuming the global economy and all major markets don't collapse, Bitcoin is expected to catch up with the rest of the markets and could significantly outperform them in 2025.
- Investors should always consider all possible factors and make informed decisions knowing the risks involved.
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