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As we head into the second half of 2024, the cryptocurrency market is showing promising signs of potentially entering a new bullish phase. Several key indicators point to this bullish trend, such as a 65 Fear&Greed Index, a declining Network Value to Transactions (NVT) ratio—often suggesting higher transaction volumes in an undervalued market—and a shrinking stablecoin market cap, which could indicate asset diversification and a shift in market sentiment, especially coupled with the current greed index.
These factors indicate growing confidence in the market and a shift toward long-term investment strategies. In addition, the influx of stablecoin reserves into more volatile assets suggests a potentially growing risk appetite among market participants. This signals an exciting period ahead for cryptocurrency enthusiasts and investors.
Network Value to Transactions (NVT) ratio
These shifts, coupled with institutional interest and developments such as the approval of several Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) earlier this year, when the net inflows reached $12.1 billion by the end of 2024Q1. Bitcoin ETFs market cap now stands at $81.70 billion, further suggesting that the market is preparing for an upward trend. In this context, choosing a secure and efficient exchange will be paramount to capitalizing on the anticipated market boom. Here are five exchanges that could serve traders well in the coming bull run.
StealthEX
StealthEX is a non-custodial, instant, wallet-to-wallet crypto exchange offering over 1,500 cryptocurrencies and a comprehensive selection of trading pairs which are available on both the web platform and the mobile app. StealthEX allows for r
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Author: Adrian Barkley
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