ETC Group Research Director: The halving event may not really affect the market until 100 days later

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MarsBit2024/04/22 11:55

By:MarsBit

According to Mars Finance news, André Dragosch, head of research at ETC Group, said that the beta value of global crypto hedge funds showed a sharp downward reversal last week, and long positions in Bitcoin contracts dominated. But crypto assets have now rebounded from losses triggered by geopolitical tensions during Bitcoin’s halving. André Dragosch believes that any positive effects related to the Bitcoin halving have not yet been reflected in the market, and such effects may not begin to appear until about 100 days after the halving occurs, because the supply shortage caused by the Bitcoin halving will only Accumulated over time.

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The Federal Reserve's Beige Book shows little change in U.S. economic activity, with increasing divergence in the consumer market. JPMorgan predicts a Fed rate cut in December. Nasdaq has applied to increase the position limit for BlackRock's Bitcoin ETF options. ETH has returned to $3,000, signaling a recovery in market sentiment. Hyperliquid has sparked controversy due to a token symbol change. Binance faces a $1 billion terrorism-related lawsuit. Securitize has received EU approval to operate a tokenization trading system. The Tether CEO responded to S&P's credit rating downgrade. Large Bitcoin holders are increasing deposits to exchanges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

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