Crypto comes alive!
PepperstoneThe goodwill towards equity risk has spilled into crypto. There were already structural tailwinds from recent regulatory developments and growing momentum in the evolution of tokenised markets, reinforcing the idea that crypto is increasingly evolving into an infrastructure play rather than simply a standalone financial asset. Blockchain rails are becoming increasingly intertwined with some of the strongest areas of financial product innovation, bringing crypto infrastructure closer to the traditional tradable world. Against that backdrop, improved risk sentiment has combined with bullish technical breaks across a number of coins. Recent consolidation highs have been taken out, encouraging more price-sensitive participants to buy into strength and helping perpetuate the move higher. Will it kick or is this a bull trap? Let us know in the comments! 00:00 Crypto sentiment turns bullish again 00:17 Bitcoin: breaking out as a scarcity asset 00:54 Liquidations & risk-on flows across equities 01:13 Regulatory tailwinds: CFTC blessing perp futures 01:31 Tokenisation & the SEC's five-year exemption 01:53 Altcoins: Ethereum, Solana & is it worth chasing? This content is not intended for a UK audience. Please visit our Pepperstone U.K. channel here: https://www.youtube.com/channel/UCk5HwBByE4VRj03__6iHgCA 🤝 Switch to Pepperstone. Sign up for a live trading account: https://bit.ly/Switch2Pepperstone 🐦Follow us on X/Twitter to keep up to date with market news, access expert commentary, analysis and more from our global market analysts: https://twitter.com/PepperstoneFX 👉 Subscribe to Chris Weston's Daily Fix newsletter: https://cloud.go.pepperstone.com/join-daily-fix The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted. #fx #trading #CFDs