Price Analysis 7/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, ADA, CRO, EOS

Bitcoin (BTC), gold, crude oil, and the US equity markets all rose sharply throughout the second quarter of this year. This shows that investors’ appetites remain strong as they are confident that central banks will continue to keep the money supply flowing.

While monetary easing can be a short-term solution, if it is not rolled back at the right time it can destroy the economy in the long-term, as seen in Zimbabwe.

Although the top-ranked asset on CoinMarketCap has been stuck in a range for the past few days, the participation from both institutional investors and retail investors has been increasing. This shows that informed investors have been buying Bitcoin for the long-term.

The third quarter has historically been the weakest quarter for the US stock markets, according to CFRA Research chief strategist Sam Stovall. If history were to repeat itself and the correlation between Bitcoin and the S&P 500 remains high, Bitcoin’s price action might remain subdued for a few more weeks.

Read More: