The current bullish trend in cryptocurrencies, especially Bitcoin and Ethereum, is due to several key factors:

Why are they rising?

1. Bitcoin Halving (April 2024):

The recent halving of the block reward has decreased the issuance of new BTC, reducing supply. This has historically driven the price up.

2. Approval of Bitcoin ETFs in the U.S.:

The influx of institutional capital through ETFs has generated strong demand. Large investors are buying BTC as a safe-haven asset.

3. More flexible monetary policy (interest rate cuts):

The expectation that the Federal Reserve will lower interest rates has pushed investors towards higher-risk assets like crypto.

4. Increased institutional and country adoption:

Companies and governments are showing more interest or regulatory support, which instills confidence in the market.

But will this last? Be cautious ⚠️ of the whales, be cautious of the Trump effect....

#bitcoin #CryptoMarketCapBackTo$3T #MarketRebound #BinanceHODLerHYPER