Our "End-of-month look-back" is out. Analyzing 5 points each for bulls and bears in the world of crypto. Bulls:.

04 Aug 2023, 10:02

Our "End-of-month look-back" is out! Analyzing 5 points each for bulls and bears in the world of crypto. 🐂Bulls: - US Congress advances CryptoBill, providing regulatory clarity and market opportunities. - Biggest inflow of funds since Q4 2021, signaling a potential bullish trend. - $XRP ruling triggers $20b increase, fueling altcoins surge. - Bitcoin reaches 13-month high, acting as a store of value and hedge against traditional finance. - Europe's First Spot #BitcoinETF set to launch, indicating positive market sentiment. 🐻Bears: - $BTC stays stagnant despite bullish news, raising concerns for a possible correction. - $BTC correlation with stocks suggests potential negative impact during market corrections. - SEC's move to delist tokens on @Coinbase , highlighting regulatory challenges. - $52M DeFi hack in Curve Pool adds to bearish sentiment. For the long term, we believe the Bulls heavily outweigh the Bears. There are just too many things in motion right now. For the short term, we just need to hold our ground and ride through whatever unfolds. We did a deep dive and explained each point thoroughly on our Discord #news channel, so head over there for fresh crypto insights! Which side of the camp do you believe will dominate in the short term? Vote below! 👇