Directly relevant to crypto is the dollar index (DXY) – if it falls crypto should rally. Right now we are testing the peak of the 20 week cycle which is due to roll over with the next trough expected mid-November.
The second 80 day cycle in the set is due to trough at the same time. Price just flew out of the top of the
June channel on excessive momentum. To me, this looks like an exhaustion break and the preferred view is a failed attack higher then DXY falls over shortly.
The crypto market is once again approaching historic highs, with recent rallies and renewed institutional interest driving the market cap back over $3 trillion, a level last reached in 2021.
As Donald Trump was declared the winner of the 2024 US presidential election, global markets reacted swiftly, and nowhere was the shift more pronounced than in the cryptocurrency sector.
With significant ETF inflows and strong gains for Bitcoin and Ethereum, investors are optimistic about a potential breakout despite approaching key resistance levels.
The positive economic data strengthened the outlook for a robust year-end rally.
Bitcoin stays up 30% post-election but the Saylor-Buffett ratio signals a potentially overheated market
The initiative, expected to take 12 to 18 months, underscores a broader push to streamline financial transactions and enhance settlement efficiency through digital assets.
Donald Trump’s TMTG eyes Bakkt acquisition as stocks surge but the deal excludes crypto custody
Solana overtakes Ethereum as Nansen's most-used chain, with 6.3M active users, a $115B market cap, and a 322% price surge over one year
