Is a Crypto Bull Run Coming?

Retail cryptocurrency trading is being heavily regulated in Singapore. According to the new regulations, crypto platforms will no longer be able to take credit card payments or provide trading incentives as of mid-2024.

Officials’ scepticism that cryptocurrencies perform poorly as money in the face of extreme price fluctuations appears to be the cause of the clampdown, which is portrayed as a protection. After this, where does the city-state stand with cryptocurrency trading? Will the volume be handled locally or sent offshore? How may the limitations affect the patterns of adoption in different regions?

Also Read: Why Should Crypto Traders Watch US Macros and Fed?

Officials do not want market-intoxicated customers to make hasty financial decisions they may later regret. Even though it would likely result in lower profits during the next price run, Singapore will continue to oversee the growth of its retail cryptocurrency.

Big bitcoin exchanges in Australia anticipate brighter days. Numerous Australian exchange executives cited price recovery, new coin listings, increased volumes as more assets change hands, and, most encouragingly, new traders returning after months of disappointment.

Fresher hires and rising prices boost company leaders’ optimism. Prudence applies when facing unprecedented adoption curves. Crypto Bull Run Coming: Coin bull markets have growing prices and favourable investor enthusiasm. The bull is rushing up! Expectations of price increases lead more investors to buy cryptos. Increasing demand raises prices.

Soon, crypto charts will have green candles everywhere! Bitcoin and other major cryptos surge to record highs. Investing in blockchain technology is exciting, and people dread missing out. New cryptocurrency ICOs raise loads of money quickly. Only occasionally dipping, the bull keeps galloping. Cryptocurrency investment grows. Once the bull market reaches exhaustion, crypto enters a bear market and hibernates until the next bull run.

This week, a Bitcoin sender made a record-setting pricetag error, losing over $3 million on a single transaction charge. Perhaps they thought sats were Bitcoins. Somebody probably hit “submit”, and their phone zoomed out the window. Even though network activity is driving up transaction prices, at $3 million, the average $14 network fee feels like a bargain.

After purchasing Bitcoin during a market slump, El Salvador’s president is suddenly confronted with an 8% loss. When prices keep falling, buying the dip isn’t as exciting anymore. Who knows? Maybe Bitcoin will soon reach its average buying price!

South Korea is planning to launch a digital currency payment network and is inviting 100,000 people to try it out. Crypto Bull Run Coming: A performance tweaking roadmap based on three months of limited transactions is possible. Will everything work out as neatly as the policymakers anticipate? I guess we’ll find out in the year 2024!