đš #Crypto movement catalysts đš
đ 21 Feb
What is driving the appetite? đą
đ Proposed sovereign adoption - France đ«đ· is reviewing the bill to potentially acquire 2% of $BTC as part of their national reserve.
đ #Altcoins receiving influx of liquidity - #DeSci category saw rise of 5.42% with projects such as $BIO (Bio Protocol) 40% âŹïž and $ENSO 13% âŹïž seeing positive gains đą
Capital is rotating again after a hiatus into narrative-driven assets which normally is seen as sign of recovery in speculative and risk on assets
Watch out for:
đšPossible sentiment reversal with liquidity flowing out of #Bitcoin and #altcoins due to macro economic conditions. Bullish bounce needing to sustain its recent gains to continue trending upwards
đą Market Outlook - Cautiously Bullish Bounce â©â