Bulls Remain Hopeful as Market

 

Bulls Remain Hopeful as Market Moves Sideways

After a turbulent month for the crypto industry in March, BTC’s price went sideways in April, despite some volatility. The meteoric rise of meme coins such as PEPE made headlines and with First Republic another mid-sized US bank went under. However, at the basis of current market sentiment is a standoff between markets and policy makers: While the SEC’s chairman Jerome Powell publicly states that interest rates are unlikely to come down this year, the markets for risk-on assets like crypto have firmly priced in a pivot in the coming months. In times like these it is wise to behave cautiously and drill deeper into the fundamentals that will shape future market movements. With an uncertain macro environment and a looming regulatory crackdown in the US it is important to pay attention to subtle hints that are easily drowned out by other news.Cointelegraph For those serious about understanding the crypto space’s various sectors, Cointelegraph Research publishes a monthly Investors Insights Report that dives into venture capital, derivatives, decentralized finance (Defined), regulation and much more. Compiled by leading experts on these various topics, the monthly reports are an invaluable tool to quickly get a sense of the current state of the blockchain industry. Only for the month of May, the report is available for free on the Cointelegraph Research Terminal.