How the crypto market will be affected by:
• Biden's new executive order, do you think that is going to pump the market these year?
• The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'
• The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?
(....)
For the short term, I am still bearish with the crypto market right now, especially with the tension about Ukraine-Russia.
But I believe this Biden's new executive order is very huge for the crypto, it could affect the market a huge move.
With all this fundamental news, this is very huge if ever all of them are true but when I am looking at the technical analysis part, I'm somehow bearish.
Maybe the executive order and the war news will just negate each other, that's why the price is still below $40k.
Of course fundamentals of bitcoin is going strong, we may seldom see some negative news about it. For traders it's about the technical aspect, we look for price swing and see how we can take advantage of it and make profits. But overall, the market is somewhat in the middle, investors are very reluctant, but at the same time just some small movement keeping the price in the middle.