Odaily Planet Daily reports that Galaxy Digital’s Head of Global Asset Management and Co-Head of Digital Assets, Steve Kurz, believes that the recent decline in cryptocurrencies is caused by liquidity and leverage unwinding rather than systemic failure. This indicates that the cryptocurrency cycle is more mature than in 2022, and most forced sell-offs may have already been absorbed by the market. The integration of stablecoins, tokenization, and blockchain with traditional finance is accelerating, making cryptocurrencies both a financial asset and a core component of the financial system.
Steve Kurz predicts that cryptocurrencies will not experience a V-shaped recovery but will undergo a period of sideways consolidation. Subsequently, with the injection of institutional capital and the continued “big integration” of cryptocurrencies with traditional finance, cryptocurrency prices will gradually rise. (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Price Stalls Near $80 as ETF Outflows Weigh
Solana trades around $80, facing bearish sentiment due to ETF outflows and declining retail participation. Technical indicators show mixed signals, with resistance at $87 and $98, while support at $77 remains critical for stability.
CryptoFrontNews3h ago
Dogecoin Holds $0.094 as X Cashtags Drive Market Attention
Key Insights
Dogecoin holds above $0.094 despite market weakness as Bitcoin and Ethereum stabilize, reflecting resilience and sustained demand across major cryptocurrencies during the consolidation phase.
X launches smart cashtags enabling real-time crypto and stock tracking, improving marke
CryptoNewsLand6h ago
Chainlink Price Compresses Below $10 as Breakout Pressure Builds
Key Insights
Chainlink maintains higher lows within a tightening range, reflecting steady accumulation as buyers absorb selling pressure and prepare for a potential breakout move
Repeated resistance tests near $10 weaken supply levels while rising support strengthens demand, increasing the p
CryptoNewsLand7h ago
XRP Price Clears $1.40 While Broader Downtrend Persists
XRP's recent rise above $1.40 indicates a shift in market behavior after a consolidation phase. While momentum indicators show improvement, the broader bearish trend persists, limiting upside potential. Sustained support is crucial for extending its recovery.
CryptoNewsLand7h ago
XRP Consolidation Signals Reset as Bullish Setup Emerges
XRP has recently rebounded to $1.39 after trading between $1.20 and $1.40 due to improved market sentiment. A significant drop in futures open interest reflects reduced speculation, while technical indicators suggest a potential bullish breakout, targeting $1.50 and possibly $1.80.
CryptoNewsLand8h ago
PEPE Holds Key Range as $0.000005 Breakout Comes Into Focus
Key Insights:
PEPE trades in consolidation with neutral RSI and bearish MACD, signaling a potential buildup before a decisive directional move in coming sessions.
Analysts highlight a $0.000005 breakout level, representing nearly 50% upside if momentum shifts and buying volume strengthens
CryptoNewsLand8h ago
