The crypto market has dropped from $72,000 to below $70,000, and some brothers say the bull market is over. In fact, it can be understood as the bull market reaching a high position, with a slight correction, especially around $70,600, and then continuing to rise, which would be in line with the market logic. After all, the crypto market has successfully hit new highs before.
This round of the bull market is dominated by money from outside the circle, with a large amount of money flowing into BTC, and Altcoins not gaining much benefit. The extent of asset appreciation in this bull market is pitiful, so the mood is not very high, and people have started to panic. But Altcoins have been around for 16 years, with a bull market cycle every four rounds, and this rule has not changed so far. This round is the same, just because the spot ETF has been approved, the time for this round to hit a new high has been brought forward. Previously, the new high in the cycle was in the second year after the halving, but this market has come earlier, and Altcoins have not kept up, but that does not mean they cannot catch up.
Two super big events that will affect the market this week:
Tuesday - - The US election, whether Republican Trump will be re-elected or the first female US president from the Democratic Party will take office, is about to be revealed
Friday - - The Fed's interest rate decision, expected to cut by 25 basis points.
These two events will cause major turmoil in the crypto market and will affect the balance in our wallets... to the left or to the right... wait and see
The financial reports of the technology sector will be released in the coming week, and the rise of the US stock market is mainly supported by the technology sector. If the technology sector does not meet expectations, it will also affect the market trend.
Recommended tokens with unlimited potential:
ARKM
Market cap: $335 million
24-hour trading volume: $181 million
Due to Arkm's previous announcement to build a derivatives platform, Arkm has started to strengthen. This adjustment is also within the normal range.
The platform seems to be about to be launched, so it has also been strong in the past two days.
As the only major long-term holding token for me personally, I have also experienced a huge roller coaster with Arkm.
After a year of lying flat, there is finally a glimmer of hope.
Among the AI, Arkm is the second most optimistic after TAO.
BANANA
Market cap: $171 million
24-hour trading volume: $26.13 million
Who says there are no good coins on Binance TON, only cursing dogs, cats and mice, how come no one talks about Banana.
Banana has doubled from the bottom, which can only be said that crypto needs patience, and no one knows when it will explode except the big players.
One of the truly revenue-generating projects in the crypto circle, the official announcement of the rewards is from the secondary market purchase, belonging to the TON ecosystem, and the series of negative reactions caused by the arrest of the founder of TG, but there has been no obvious follow-up decline, and the form has broken through the consolidation range of several months.
Banana Gun is a Telegram bot that not only promotes automation and manual trading on the Ethereum network, but also supports users to manually buy and sell tokens on the Solana network.
SEI
Market cap: $1.288 billion
24-hour trading volume: $127 million
The recent expansion of the Sei ecosystem shows steady growth.
The integration of Sei Network with XION introduces chain abstraction functionality, simplifying asset transfer and account operations within the Sei network, providing convenience for developers and users.
This progress promotes mainstream adoption of Web3 and creates a better foundation for building user-oriented applications. In addition, the addition of the Web3 liquidity platform Orderly Network further expands the liquidity layer of the Sei ecosystem, significantly increasing the on-chain perpetual trading depth.
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