Crypto has everything needed for a bull market, so why is the market down?
Crypto has tracked lower late this year despite pro-regulation shifts, ETF launches, and institutional buying, prompting analysts to question structural issues.
Analysts and investors are questioning why crypto isn’t in a bull market, given the amount of positive drivers that have taken place this year.
“At some point, we need to admit that something is structurally broken in the crypto market,” CNBC crypto contributor Ran Neuner said on Tuesday.
He said that multiple favorable factors should be leading to crypto markets performing better, such as increased liquidity, a pro-crypto US government, various exchange-traded fund launches, major institutional and crypto treasury company buying, and strong performance in traditional markets such as gold, silver, and major stock indexes.
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