Crypto Market Rally Expected Amid Regulatory and Economic Catalysts
Key Insights
- There are signs that a crypto market rally will happen soon.
- The Senate will consider the Crypto Market Structure Bill next week.
- The Federal Reserve will likely continue cutting interest rates this year.
The crypto market remains in a bear market, with Bitcoin being 28% below its all-time high of $126,275. Still, some potential catalysts will lead to a cryptocurrency rally, at least in the meantime.
Market Structure Bill to Trigger a Crypto Market Rally
The upcoming Senate markup vote on the Market Structure Bill may drive a crypto market rally. Lawmakers will decide its future soon. Senator Rick Scott, the Chairman of the Senate Banking Committee, announced that it will have a markup vote next week.
