Matrixport: crypto markets may see an explosive rally given multiple possible stimuli
On July 3, Matrixport posted on the X platform, "As the total market capitalization of the market fell from $2.7 trillion to $2.3 trillion, the daily trading volume of cryptocurrencies also fell from $180 billion to $50 billion. There is a saying in traditional finance 'don't short a depressed market' because a little momentum can push prices higher. This may apply to the crypto market as well, as the market could see an explosive rally during the summer downturn given multiple possible stimuli (e.g., Fed rate cuts, U.S. presidential election, etc.)."
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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