Krutika Adani
The possibility of a US recession has been overstated without sufficient data supporting the claims.
In its last meeting, the US Fed seems to have finally hinted at a rate cut in its next meeting.
With the Japanese markets becoming stable after the rate cuts.
With tensions subsiding in the Middle East, the threat of a global war seems to decrease slowly.
The recent rise in Bitcoin ETF inflows encourages an optimistic market view for the near future.
FTX has prepared to pay $12.7 billion to its customers and also might repay other creditors soon.
The Pi cycle indicator, which has been fairly accurate in the past, indicates that Bitcoin has more room to grow in this cycle.
As the global markets stabilize, liquidity rises, which has historically led to bull markets.
Despite the bad record in the past, both US presidential candidates have adopted a pro-crypto stance this time.