"July 2024 Crypto Market Forecast"
Wayne Duggan
Investing Expert
Bitcoin (BTC) prices have recovered and other top cryptocurrencies have gained ground over the past month as the U.S. Securities and Exchange Commission has surprised Wall Street by making a rule change to allow the creation of spot Ethereum (ETH) exchange-traded funds.
Investors already flocked to bitcoin and other cryptos following January’s SEC approval of the first spot bitcoin ETFs to trade on major U.S. exchanges. However, regulators continue to target the cryptocurrency industry by taking on crypto exchanges and their high-profile executives, including associates of former FTX CEO Sam Bankman-Fried.
In addition, crypto investors are hoping the Federal Reserve has made enough progress on inflation to navigate a soft landing for the U.S. economy and begin cutting interest rates in the second half of 2024.
