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Institutional Report: Driven by factors such as the U.S. interest rate cut, Bitcoin is expected to perform strongly in Q4

Institutional Report: Driven by factors such as the U.S. interest rate cut, Bitcoin is expected to perform strongly in Q4

Bitget2024/09/30 01:12
BTC-2.25%SOL-1.62%ETH-1.46%

The institution recently released the "Takeaways from Token2049" report, summarizing the main insights from the Token2049 and Solana Breakpoint conferences held in Singapore.

The report states: "We anticipate that Q4 2024 will be constructive due to US interest rate cuts and China's significant fiscal and monetary stimulus measures, which will enhance market liquidity and support Bitcoin's performance." The report focuses on Bitcoin and high beta crypto assets, maintaining an optimistic outlook for the overall market in the coming months.

The report also discusses Ethereum's recent predicament, especially its rising transaction fees: "On-chain activity is growing with increasing DEX trading volume and rising Ethereum Gas fees." However, despite the recent launch of spot ETH ETFs in the United States, it did not bring about similar effects as Bitcoin. The report describes: "Although many market participants are bullish on BTC, we have encountered some industry personnel who are skeptical about ETH because this token does not seem to benefit from spot ETH ETF launched more than two months ago in United States."

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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