Thomas Perfumo: “Four catalysts will trigger cryptocurrency growth in the second half of 2024”

“I think there will be about four major catalysts in the second half of the year. In particular, the launch of the ETH-ETF is a major event that brings a lot of attention to cryptocurrency and brings a lot of capital inflows,” he said.
Another catalyst for growth will be an interest rate cut by the US Federal Reserve (Fed), as Canada and Europe have already done. The ongoing trend of global bitcoin adoption and the outcome of the fall 2024 elections in the U.S. will also serve as catalysts for cryptocurrency growth on exchanges. Thanks to them, the market will be able to demonstrate a sustained bullish trend next year as well, Perfumo believes.
Earlier, experts of the analytical platform CryptoQuant said that market data indicates that the cryptocurrency market has entered the second largest institutional accumulation.