Stone Ridge Analysis Supervisor: August is Traditionally Quiet, and Crypto Markets Are No Exception

Greg Cipolaro, analysis supervisor at Stone Ridge Asset Administration, mentioned that for conventional market traders, August is a quiet month, and cryptocurrencies are not any exception. The state of affairs could proceed till August.

However regardless of this, traders stay optimistic as Bitcoin remains to be up about 77% from the beginning of the yr.

There are numerous components that would work in BTC’s favor, for instance: XRP’s determination might set a precedent for the way cryptocurrencies are regulated in america.

Congress is advancing laws that would present better readability and help to the crypto business. BTC ETF purposes might improve demand and liquidity for BTC.

The BTC halving will occur within the spring of 2024, which can scale back the availability of Bitcoin and improve the rarity of the coin.