Market Recap
This week first Ethereum ETFs have launched and that caused messy reaction - rate of ETH/USD have dropped sugnificantly, while trading volumes and buying interest is not so huge, comparing to launch of BTC ETFs.
One of the most reasons why crypto markets are in the red zone last days is that political situation in US is uncertain and major markets are dropped too. S&P500 and Nasdaq100 are falling since the start of the week and it may continue for several days, while recover will start.
Nevertheless, I'm pretty bullish on crypto this year. I expect that FED will change their monery policy soon and most probably it will happen in August or September. FED usually use Jackson Hole Economic Symposium to announce long-term changes in monetary policy, which is set for Aug 24-26 this year.
So, I expect second bullish wave later this year, and probably BTC will hit 100k till the end of the year.π