Nansen analyst: Cryptocurrency investors are looking for new developments to "drive the bull market", including news of cooling inflation and labor market in the United States
Nansen's Chief Research Analyst, Aurelie Barthere, stated that cryptocurrency investors are looking for new developments to "drive the bull market". This could include news of cooling inflation and labor markets in the United States, or the direction of future policies from the Trump administration. However, she expects the market will continue to fluctuate before there is further clarity.
"We expect a continued softening of the US labor market which should limit US interest rates and help cryptocurrencies (including XRP prices participating in this trend) rise. The meeting between Ripple's CEO and him [Trump] before his inauguration ceremony is definitely a bullish signal," said Barthere.
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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