Cointelegraph, a cryptocurrency media outlet, noted that altcoins have typically shown bullish trends in the second half of the year, coinciding with China’s injection of liquidity, and predicted that altcoins will be bullish at the end of the year.
In particular, he pointed out that "there is a correlation between the timing of China's liquidity injection and the altcoin rally," and that "China's liquidity increases and decreases in six-month cycles, but it usually tends to increase at the end of the year."
He continued, "Recently, liquidity has increased from September last year to February this year, and at that time the altcoin market showed an upward trend." "Currently, China is working on quantitative easing, and the U.S.
The Federal Reserve will also start lowering interest rates from September, which will have a positive impact on the altcoin rally."
He also said, "Altcoins usually rise and fall due to seasonal factors," and "Chainlink (LIN
K) is a prime example, but the Bitcoin market generally tends to fall in the first half of the year and rise in the second half."
2024/09/04 15:44 KST
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