- Fed Chair Jeromw Powell hints at what could be the biggest altcoin catalyst.
- What could start as a liquidity shift could trigger altseason peak.
- Altcoin prices could pump to new ATHs finally this bull cycle.
Following the events of the $20 billion crypto market liquidation, reputed crypto analysts have been debating, discussing, and deeply analyzing crypto price charts. At the moment, sentiments are equally divided between bearish and bullish expectations, with major stress on the arrival of altseason. Most recently, Fed Chair Powell hints at what could be the biggest altseason catalyst, starting with a liquidity shift.
Powell Hints at What Could Be the Biggest Altseason Catalyst
Late last week, the crypto market experienced what is now remembered as the greatest market liquidity event in crypto history. A total of $20 million was wiped out from the crypto market, leaving almost all leverage and long positions wiped out. The crypto market is now in a reset, with possibilities for the market to swing bullish or bearish in the coming days and weeks ahead.
While analysts debate over BTC being capable of hitting one more new ATH this cycle or not, others discuss the change altcoins have to experience altseason and set new ATH this bull cycle. Most analysts believed promising altcoins still have the opportunity to pump this bull cycle, while others believe the bull cycle is over. Amidst the gloom, one factor creates a bullish awakening for altcoins this quarter.
As we can see from the post above, this reputed crypto analyst went on to highlight the many bullish parts of Fed Chair Jerome Howell’s latest speech and marks how Powell may be hinting at what could be the biggest altcoin catalyst coming for the altcoin market. To start off, the post says that Powell’s tone today was measured but quietly bullish, signaling no rush to tighten further, and possibly the start of a liquidity shift.
Teh post then highlight everything from Powell’s speech that stood out. Firstly, he highlights a stability signal, next the confident tone, suggesting no need for aggressive interventions or rate hikes. Following this, Powell mentions how the economy is resilient enough to handle a soft pivot, that is not weak enough to scare, but strong enough to ease gradually. The post concludes with these being the key to altseason.
Crypto Market Prepares for a Liquidity Shift
As we can see from another post by another reputed crypto investor, Jerome Powell says that the data is showing that the economy is largely where it was in September, that the data before the shutdown suggests growth could be better than expected, and that the labor market weakness justified the September rate cut. Basically, Powell is saying growth is decent and labor market is weak, so rate cuts continue to be the path forward, which could bode well for crypto and altcoin prices.
