Crypto Daily – The tailwinds that are getting behind the price are arguably the most bullish in its history, yet the market is down. Is it just a matter of time before the next big surge, or has Bitcoin made a market top?
The most favourable phase in Bitcoin’s history
Bitcoin (BTC) is entering a phase where the background political narrative in the US is at its most favourable in the entire history of the king of the cryptocurrencies. In fact, the most influential political and economic power in the world has gone from the most negative period regarding cryptocurrencies, to the most positive in just the space of a few weeks.
Not only is Bitcoin completely accepted, but it is encouraged. How far this encouragement can eventually go is still to be seen, but if early statements are to be believed, the US could swing a huge part of its political weight behind Bitcoin.
Market nervousness still persists
It’s in this kind of climate that there is still…
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