{"id":371889,"date":"2019-02-19T09:00:12","date_gmt":"2019-02-19T09:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=371889"},"modified":"2019-02-19T07:06:19","modified_gmt":"2019-02-19T07:06:19","slug":"crypto-fundamentals-what-is-driving-the-rally-and-how-long-will-it-last","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-fundamentals-what-is-driving-the-rally-and-how-long-will-it-last\/","title":{"rendered":"Crypto Fundamentals: What is Driving The Massive $20 Billion Rally and How Long Will it Last?"},"content":{"rendered":"

In the past 3 weeks, the valuation of the crypto market has increased by more than $22 billion from $111 billion to $123 billion.<\/p>\n

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Source: Coinmarketcap.com<\/figcaption><\/figure>\n

There is no shortage of technical charts, indicators, analysts and observers trying to predict where crypto markets and Bitcoin will go next. They are far more volatile than traditional stock or forex markets so many of these indicators may not be applicable in the same way. A lot is just guesswork so a combination of fundamentals and technicals may give us a better idea of what is going on.<\/p>\n

A Fundamentally Strong Environment for Crypto<\/h2>\n

While most analysts agree that from a technical standpoint the bear market is not over yet, fundamentally things could not be better for Bitcoin and crypto. Late 2018 and so far this year the news has all been pretty good for Bitcoin and its brethren despite the opposite happening to prices.<\/p>\n

Now that the US government has been switched back on, progress can be made at the SEC and CFTC on regulatory approval for a number of highly anticipated crypto investment products. Huge names including the Intercontinental Exchange (ICE) and Fidelity are in the holding pattern alongside others such as ErisX waiting to launch Ethereum futures<\/a>. It is expected that one of these will be approved within the next month or two which could be a big driving factor for market momentum.<\/p>\n

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I believe, a #Bitcoin<\/a> #ETF<\/a> serves the public interest via:
+ Increased liquidity using the ETF ecosystem
+ Lower counter-party risk
+ Better valuation & execution practices
+ Separation of duties: trading, custody, valuation
+ Transparent fees
+ Established compliance framework
pic.twitter.com\/OB0XUZeJ1O<\/a><\/p>\n

— Gabor Gurbacs (@gaborgurbacs) February 3, 2019<\/a><\/p><\/blockquote>\n