{"id":639650,"date":"2024-09-04T06:00:15","date_gmt":"2024-09-04T06:00:15","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=639650"},"modified":"2024-09-03T17:09:39","modified_gmt":"2024-09-03T17:09:39","slug":"crypto-market-update-expert-anticipates-bull-run-after-choppy-august-heres-why","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/crypto-market-update-expert-anticipates-bull-run-after-choppy-august-heres-why\/","title":{"rendered":"Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here&#8217;s Why"},"content":{"rendered":"<p><span style=\"font-weight: 400\">August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization, which fell to a six-month low of $1.96 trillion amid what analysts called &#8220;<\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/crypto-liquidations-1-billion-bitcoin-crashes-52000\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Black Monday<\/span><\/a><span style=\"font-weight: 400\">.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This downturn saw Bitcoin (BTC) plummet from $68,000 to approximately $49,000, igniting concerns among bullish investors. However, market expert Lark Davis suggests that the choppy sideways price action may soon come to an end, paving the way for a potential surge as bullish factors align for the fourth quarter.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Final Opportunity To Buy At Discounted Prices?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In a recent <\/span><a href=\"https:\/\/x.com\/TheCryptoLark\/status\/46833864\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">social media post<\/span><\/a><span style=\"font-weight: 400\">, Davis highlighted that the coming 3-4 weeks could represent a final opportunity for investors to acquire their favorite cryptocurrencies at discounted prices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Both Bitcoin and Ethereum (ETH) have seen notable declines, with losses of 6.7% and 5.7%, respectively, over the past week. Among the cryptocurrencies that Davis identifies as particularly attractive, Solana (SOL) fits the bill as it is currently trading at around $129, down nearly 16% over the same period.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/solana\/solana-7600-surge-institutional\/\" target=\"_blank\" rel=\"noopener \">Solana Sees 7,600% Surge In Institutional Inflows, Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">Despite these tempting prospects, <\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-ends-august-down-8-what-to-expect-from-historically-bearish-september\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">historical data<\/span><\/a><span style=\"font-weight: 400\"> shows that September is typically a challenging month for BTC. Analysis shows that in six of the last seven years, Bitcoin has finished September in the red, with an average loss of around 4.5%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If this trend continues, some analysts predict that Bitcoin could fall to around $55,000 by the end of the month. This could have a ripple effect throughout the cryptocurrency market, as other tokens often mirror Bitcoin&#8217;s price movements.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">A Key Catalyst For Crypto Market Recovery<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Adding to the complexity of the current market landscape are upcoming interest rate decisions that could significantly affect Bitcoin&#8217;s short-term volatility and long-term trajectory, as Bitcoinist <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-alert-20-crash-post-rate-cut-decision\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">reported <\/span><\/a><span style=\"font-weight: 400\">on Monday.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the report, a potential 25 basis point cut by the Federal Reserve may signal the beginning of an easing cycle, potentially increasing liquidity and promoting long-term price appreciation for Bitcoin.<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, a 50 basis point cut could trigger an initial price spike, followed by a correction as <\/span><a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-hashrate-nears-record-levels-amidst-price-decline-details\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">recession fears<\/span><\/a><span style=\"font-weight: 400\"> resurface. Bitfinex&#8217;s recent report warns that a rate cut could lead to a 15-20% decline in Bitcoin\u2019s price, with projections suggesting a bottoming out between $40,000 and $50,000.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/xrp-news\/crypto-analyst-xrp-surge-18-third-elliott-wave\/\" target=\"_blank\" rel=\"noopener \">Crypto Analyst Predicts XRP Surge To $18 In Third Elliott Wave Phase<\/a><\/div>\n<p><span style=\"font-weight: 400\">Despite the potential for short-term volatility, a notable bullish development could support Davis&#8217;s optimistic outlook. The anticipated <\/span><a href=\"https:\/\/www.ktsl888.com\/news\/ftx-ftt-bankman\/colossal-buying-pressure-for-bitcoin-and-solana-as-ftx-plans-16b-distribution-expert\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">distribution of $16 billion in cash<\/span><\/a><span style=\"font-weight: 400\"> from FTX to its customers may inject significant capital back into the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts believe that a significant portion of this payout will likely be reinvested in cryptocurrencies, including Bitcoin and Solana, creating significant buying pressure for the last part of the year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ultimately, the potential influx of capital from the FTX distribution, combined with the expected cyclical surge in the crypto market in the year of the Bitcoin <\/span><a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/trump-floats-bitcoin-payments-as-solution-to-35-trillion-us-debt-crisis\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Halving <\/span><\/a><span style=\"font-weight: 400\">event, could lead to significant gains for various tokens and an overall increase in market capitalization.\u00a0<\/span><\/p>\n<figure style=\"width: 1814px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/3Mqac8E0\/\" alt=\"Crypto\" width=\"1814\" height=\"858\"><figcaption class=\"wp-caption-text\">The daily chart shows the total market cap value drop to $1.98 trillion on Tuesday. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from DALL-E, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization, which fell to a six-month low of $1.96 trillion amid what analysts called &#8220;Black Monday.&#8221;\u00a0 This downturn saw Bitcoin (BTC) plummet from $68,000 to approximately $49,000, igniting concerns among bullish investors. However, market expert Lark Davis suggests that the choppy sideways price action may soon come to an end, paving the way for a potential surge as bullish factors align for the fourth quarter. Final Opportunity To Buy At Discounted Prices? In a recent social media post, Davis highlighted that the coming 3-4 weeks could represent a final opportunity for investors to acquire their favorite cryptocurrencies at discounted prices.\u00a0 Both Bitcoin and Ethereum (ETH) have seen notable declines, with losses of 6.7% and 5.7%, respectively, over the past week. Among the cryptocurrencies that Davis identifies as particularly attractive, Solana (SOL) fits the bill as it is currently trading at around $129, down nearly 16% over the same period. Related Reading: Solana Sees 7,600% Surge In Institutional Inflows, Here\u2019s Why Despite these tempting prospects, historical data shows that September is typically a challenging month for BTC. Analysis shows that in six of the last seven years, Bitcoin has finished September in the red, with an average loss of around 4.5%.\u00a0 If this trend continues, some analysts predict that Bitcoin could fall to around $55,000 by the end of the month. This could have a ripple effect throughout the cryptocurrency market, as other tokens often mirror Bitcoin&#8217;s price movements. A Key Catalyst For Crypto Market Recovery Adding to the complexity of the current market landscape are upcoming interest rate decisions that could significantly affect Bitcoin&#8217;s short-term volatility and long-term trajectory, as Bitcoinist reported on Monday.\u00a0 Per the report, a potential 25 basis point cut by the Federal Reserve may signal the beginning of an easing cycle, potentially increasing liquidity and promoting long-term price appreciation for Bitcoin. On the other hand, a 50 basis point cut could trigger an initial price spike, followed by a correction as recession fears resurface. Bitfinex&#8217;s recent report warns that a rate cut could lead to a 15-20% decline in Bitcoin\u2019s price, with projections suggesting a bottoming out between $40,000 and $50,000.\u00a0 Related Reading: Crypto Analyst Predicts XRP Surge To $18 In Third Elliott Wave Phase Despite the potential for short-term volatility, a notable bullish development could support Davis&#8217;s optimistic outlook. The anticipated distribution of $16 billion in cash from FTX to its customers may inject significant capital back into the market.\u00a0 Analysts believe that a significant portion of this payout will likely be reinvested in cryptocurrencies, including Bitcoin and Solana, creating significant buying pressure for the last part of the year. Ultimately, the potential influx of capital from the FTX distribution, combined with the expected cyclical surge in the crypto market in the year of the Bitcoin Halving event, could lead to significant gains for various tokens and an overall increase in market capitalization.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":636750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,25757,92978,90620,14690,1558,54512,1946,83626],"class_list":["post-639650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-crypto-bull-run","tag-crypto-bull-run-2024","tag-crypto-bull-run-prediction","tag-crypto-news","tag-cryptocurrency","tag-defi","tag-ethereum","tag-solana"],"acf":[],"yoast_head":"\n<title>Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here&#039;s Why<\/title>\n<meta name=\"description\" content=\"August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization.\" \/>\n<meta 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