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Bear Market End? | Crypto Daily Digest July. 14

Bear Market End? | Crypto Daily Digest July. 14

TokenInsightTokenInsight2023/07/14 13:36
By:TI Research

Arthur0x, founder of DeFiance Capital, stated in a social media post that he personally believes that 14 July 2023 marks the official end of the 2022-2023 bear market

Arthur thinks:

  • Worst of macro tightening is over, CPI falling and real interest rate is positive now. More likely we see rates cut next year than not.
  • Continued institutional acceptance of crypto as an asset class starting from Blackrock applied for Bitcoin ETF.
  • SEC chances of labelling all tokens as security substantially weaker now if they can't even win against the one most likely to be deemed security token.
  • Most tourists washed out, whoever still holding now likely won't sell in near term except from some coins with blatant unlock schedule.
  • Market extremely underallocated on non BTC ETH. Lots of catch-up to do.
  • HK welcoming crypto is real and this would open the flood gate for Asia financial institutions to enter crypto in a legitimate manner.

Today's Market

Source:

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What's New from TokenInsight?

Bitcoin has been fluctuating around $30,000 for an entire quarter. Has the crypto industry been stagnant due to regulatory concerns? Perhaps we can find the answer from the data of exchanges.

: TokenInsight released Crypto Investment Products Report July 2023, aiming to help users know about the current landscape of crypto investment products and the potential risks.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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