We have seen that most coins have pumped recently, or are recovering slowly, but why has this happened ;
1. U.S.-China Trade Talks Boost Market Sentiment: News of upcoming trade negotiations between the U.S. and China has positively impacted global markets, including cryptocurrencies. Bitcoin's price saw an uptick, reflecting renewed investor optimism.
2. Bitcoin's Price Movement: Bitcoin has experienced a notable increase, pushing towards the $98,000 mark. This surge is attributed to geopolitical developments and shifting expectations regarding future Federal Reserve interest rate decisions.
3. Regulatory Developments in Europe: The European Securities and Markets Authority (ESMA) has introduced new guidelines under the Markets in Crypto-Assets (MiCA) framework. These guidelines aim to enhance transparency and investor protection in the crypto market.
At this moment, it is not suggested to FOMO as market is likely to offer opportunity to enter at better prices. I will inform about possible trade setups in the coming time, so make sure you are following me to not miss opportunities. Stay calm and stay positive.