Wise Advice, a famous analyst, shared a tweet with his 256.4k followers on X (formerly known as Twitter) stating that Q4 could be huge for the entire crypto market. He mentioned that key events on the horizon could spark massive changes.
With Bitcoin’s price and other cryptocurrencies standing at the crossroads of multiple global developments, investors are anticipating potential market shifts that could define the end of this year.
Major Developments Expected in Q4
Wise Advice outlined eight key events that could transform the crypto market this last quarter of the year.
The potential release of Binance’s CEO, Changpeng Zhao (CZ), from prison and Donald Trump winning the U.S. presidential election were mentioned by Wise Advice. Both events could have a considerable effect on how the crypto market reacts to political uncertainty.
Furthermore, the tweet notes that MicroStrategy and other major companies plan to continue buying more Bitcoin, signaling confidence in the asset despite market volatility. The growing involvement of institutional players could lead to price increases, pushing Bitcoin into new territory.
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Show more +Stablecoin Distribution and FED Rate Cuts
One key event mentioned was the $12 billion stablecoin distribution expected by FTX. This influx of stablecoins into the market may drive liquidity, enabling larger trades and influencing price stability across cryptocurrencies.
Additionally, the potential for the Federal Reserve to implement rate cuts adds another layer of complexity to the market outlook. With rate cuts, investors could be drawn back to riskier assets like Bitcoin, further amplifying demand.
Read Also: Dogecoin (DOGE) Price Could Rally by Up to 45% Soon, But There’s a Catch
Global QE and Russia’s Role in Crypto Trade
The analyst also highlights a possible wave of global quantitative easing (QE). In the past, when the government made more money available, it helped crypto trading grow. If they do this again, more money might go into crypto and make prices pump.
Russia’s increasing involvement in international crypto trade is another pivotal development. If Russia moves forward with such plans, it may open the door for other nations to follow, promoting wider adoption of Bitcoin and cryptocurrencies.
Furthermore, Wise Advice also mentioned the Financial Accounting Standards Board (FASB) rule implementation as another important driver for Q4. This new rule might make it easier for companies to own Bitcoin and other digital money. If more big companies start using crypto, it could make others want to use it too.
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