Cryptocurrency investors across the world have been greatly disappointed by the crypto market’s bearish trend that continues to bring low prices which leave many in shock. Discussions on both media and off-media platforms focus strongly on predicting how long this bear market will last before any signs of recovery, however, these predictions are often unreliable as it is impossible to predict an exact bottom point. You can visit Bitcoin Era (Official trading site) to execute profitable trades even if you don’t have any prior experience in bitcoin trading.
Rather than attempting to guess when the bear market will come to an end, it’s more productive to look into what could spark the next upcycle and drive cryptocurrency prices back up. Market predictions are rarely 100% accurate due to various factors that can influence trends without warning. In this article, we’ll explore some events or conditions that have the potential of pulling crypto markets out of their current bearish position.
Some Events that indicate the ending of the Crypto Bear Market
Because of the possible effect of these events on the crypto sector, the crypto sector will likely change from a bearish pattern with lower costs to a far more bullish pattern with high costs.
The Fed Reverses Course
Crypto markets are strongly influenced by U.S Federal Reserve policies, which is why traders often refer to the expression “Don’t fight the Fed”. Recently, the Federal Reserve is using simple cash insurance tactics and has been providing close to zero interest rates. However, in late 2015 they implemented their first rate hike of 0.25% more than three years prior. The effects this had on global monetary markets were considerable and need to be noted by any investor looking into cryptocurrency trading.
The Federal Reserve (Fed) has allowed two additional rate increases of 0.5% and 0.75%, bringing the benchmark interest rate range to 1.5% -1.75%. This period saw a drop in value for many risk assets, including Bitcoin; however, 2021 revealed an increase in cryptocurrency and legacy markets due primarily to the Fed’s easy money policy. With this possibility of more straightforward policies from the Fed looming, there will likely be further investment flow into crypto ecosystems as well.
Integration as a payment option by a large company
Suppose what can take place in the marketplace when huge businesses such as Amazon, Apple, Google etcetera incorporate blockchain-based payment methods to their payment methods. Among the main excuses individuals provide why they do not make use of their cryptos to make purchases would be they’re not accepted everywhere.
While there are lots of strategies to make use of the crypto that a person has, including credit cards as well as online payment integration with sites such as Shopify, the capability of making purchases on a blockchain system is restricted. Elon Musk, the world’s most affluent male, at one time mentioned the simple mention of blockchain-based transaction integration could produce a spike in the value of a token. The cryptocurrency industry is expected to be moved out of a bearish to some bullish trajectory given the speculation around this huge announcement.
Successful Ethereum Merger
Ethereum’s transition is something which crypto fans have been so curious about. After Sepolia, the public test network completed its merger trial, it looks as though that switch is drawing closer than ever before. The hype around this upcoming change has many people anticipating a brighter future for the cryptocurrency market if Ethereum can launch the merge without issue and provide users with improved scalability and an enhanced user experience.
The excitement in the environment may cause speculation among investors and several media reports which will increase the rates as a result of this event. After the state’s world financial system is again in the limelight, the prices are going to drop again.
Caroline is a dedicated writer with a passion for keeping readers informed. Specializing in providing the latest news updates and unbiased reviews, she strives to deliver accurate and insightful content. With a keen eye for detail and a commitment to journalistic integrity, Caroline ensures that her readers are always well-informed. Stay tuned for her latest articles to stay up-to-date on current events and trends.
