Top 5 facts that could stop the bear market

For several months now, the cryptocurrency industry has been gray. And rightly so, in the charts of traders, both insiders and experienced, the candles remain red. Indeed, the bear market drags on, and with it its devastating effects. In this bear versus bullfight, where the unloved currently dominate, you’ll discover some events that could potentially change the game.

Successful transition from Ethereum to The Merge

The move to The Merge is one of the most important appointments of the year. This upgrade is expected for 5 years and allows Ethereum to start from Proof of Work (PoW) at Proof-of-Stake (PoS). It should significantly improve network scalability and transaction speed and enable the development of more complex applications. Despite the various delays, the official launch seems to be imminent. Right now the signals are indeed green. And if this transition goes smoothly, there is a good chance that there will be renewed investor interest in the global market. However, we are not immune to a dump pump

Approval of a Bitcoin (BTC) Spot ETF

Another fact that could trigger an uptrend is the SEC’s approval of a spot Bitcoin ETF. For years, the US regulator refused to do so, claiming a high risk for this type of investment. When this old resistance breaks down, bitcoin and altcoins will become more legitimized. New institutional and individual entrants will thus appear on the market. The cash inflows generated should herald the end of this winter.

Lower US Interest Rates

In a similar vein, note the involvement of the US Federal Reserve System (FED). This is the US central bank, one of the most powerful players on the global financial scene. With its printing press, it is also one of the most controversial institutions for cryptocurrency enthusiasts. The surge in the stock and crypto markets in November 2021 was heavily impacted by easy money policies. Because it made it easier for US investors to get loans. While the FED has been charging nearly zero interest so far, they are now in the 1.5% to 1.75% range. Therefore, if the institution returns, the situation should gradually return to normal.

Increasing acceptance of bitcoin as legal tender

El Salvador and the Central African Republic are the only countries in the world to have adopted bitcoin as legal tender. These news stories each caused a lot of excitement in the crypto community and beyond. Many countries are currently investigating this possibility. This decision, if supported by a major economic power, will be a huge springboard.

A multinational accepts bitcoin as a means of payment

The fact that cryptocurrencies are not accepted by most traders is perhaps the biggest threat to this economy. Assuming an ecommerce giant like Amazon goes down this road, we could see a real price spike.

Lately, crypto investors have been breeding. Mainly because this bear market spread over time. While waiting for it to disappear, everyone tries to pass the time as best they can. Some give in to the pressure and sell all their possessions. Others like to make predictions about the price of bitcoin and altcoins. During this time, the most optimistic take the opportunity to collect more. Like what, it is in difficult times that the opportunity hides.

Source: CoinTelegraph

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Junie MAFFOCK Avatar

Junie MAFFOCK

I came to blockchain out of curiosity and stayed with it out of passion. I was amazed at the possibilities it offers due to its different usage scenarios. With my pen I hope to help democratize this technology and show how it can improve the world.

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