Can we already consider that the worst is behind us?

The whole market has rebounded significantly over the past few days, what is this due to, and can we already consider that the worst is behind us?

Cyril Sabbagh, designer of the world’s first Bitcoin thematic UCITS ETF notes that the mood is lighter this week on the crypto market, thanks to the strong rebound of the last few days.

He thus believes that the bulk of the current purge has passed.

It is also ether that, according to him, is driving this recovery as the transition of the Ethereum blockchain from a PoW to PoS protocol becomes clearer. An event, known as “The Merge”, which could relaunch a bullish cycle before the end of the year.

To read the full article: https://21millions.capital.fr/

Disclaimer

This article and the strategy it outlines, are provided for informational purposes only. The content within is not intended to be financial advice and should not be taken as such. The historical performance of Bitcoin ETFs is no guarantee of future results.

Investing in Bitcoin ETFs involves a high degree of risk, including the loss of all your investment, and may not be suitable for all investors. Market conditions can vary significantly, and the volatility of cryptocurrency markets can lead to rapid and substantial losses.

Readers are advised to conduct their own due diligence and consult with a professional financial advisor before making any investment decisions. The views and opinions expressed herein are those of the author and do not necessarily reflect the official policy or position of any financial institution or investment service.

Past performance is not indicative of future results. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

The author and publisher of this strategy are not responsible for any financial losses or gains you may experience. Investing in the markets is speculative; it should only be done with risk capital that if lost will not significantly affect your lifestyle.

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