Summer is generally a slow season for trading. The reason BTC has risen so much during this summer is most likely due to several very favorable bills for the cryptocurrency industry being passed intensively by the U.S. Congress recently. As a result, the market value rose from 100,000 to 120,000. Now that the positive news has been realized, a pullback is expected.
Waiting for the Federal Reserve to start a new round of interest rate cuts may be the beginning of a major market rally.
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