The post Bitcoin’s Price Outlook: Recovery on the Horizon, Altcoins Await Dominance Shift appeared first on Coinpedia Fintech News
After a period of three months marked by hopeful anticipation and cautious preparation for worst-case scenarios, the Bitcoin market concluded its bear market rally with an unexpected dip, accompanied by substantial liquidations reminiscent of the FTX implosion. However, amidst this backdrop, the majority of crypto investors maintain an optimistic outlook, foreseeing a forthcoming recovery in the next few months.
This optimism is fueled by the accelerating mainstream adoption of digital assets and the notable progress in establishing clear regulatory frameworks for cryptocurrencies across various jurisdictions, a significant advancement compared to the state of affairs during the 2019 bear market.
Furthermore, a notable development is the increased interest from institutional investors, spearheaded by hedge funds, who are seeking refuge from the inflation
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