bitcoin

S&P Futures Expect Huge Gains: Will Crypto Markets Follow? – BeInCrypto


Financial markets in the United States are expected to rally today as futures markets post significant gains. Many are anticipating the cryptocurrency market to rise with it.

Before the bell opens for trading in the United States, the cryptocurrency market is already green — and may push higher as bullish momentum builds.

At the time of writing, Bitcoin

Futures Markets Expect a Green Day

The cryptocurrency market may be rising in response to the positive sentiments posted by the U.S. futures market. S&P 500 futures are currently up some 3.75 percent. Dow Jones futures are up some 3.8 percent, as well. Altogether, it seems like today U.S. financial markets will see a massive green candle as most of the world’s financial markets rally.

Bitcoin’s price has often been correlated with the S&P 500. Therefore, the gains we are seeing for Bitcoin today may merely be a lagging indicator of what’s to come when the U.S. bell opens today.

The positive sentiment has released the bulls on Crypto Twitter and beyond, once again — with many expecting a massive green candle in the near future.

bitcoin bullish

Is The Worst Behind Bitcoin?

It’s really hard to say whether or not the worst is behind Bitcoin after the drastic -50 percent drop on March 12. The cryptocurrency market has steadily recovered since then but the macroeconomic situation still remains uncertain.

According to trader Mitoshi Kaku (@CryptoSays), the current rise is not going to last long. Although good news for the immediate and short-term, traders should be patient. “No rush here,” he writes on Twitter.

Ultimately, it is the macroeconomic trends that are leading Bitcoin’s price movements as of late. Those remain on shaky footing with unemployment numbers continuing to add up. Financial markets may be able to sustain themselves in the coming week but, ultimately, the structural economic issues will have to be addressed if we are to get out of this market rout.


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Images courtesy of Shutterstock, Trading View and Twitter.

Disclaimer. Read MoreRead Less

As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic standards. That being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article.
This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions.
The author of this article may, at the time of its writing, hold any amount of Bitcoin, cryptocurrency, other digital currency, or financial instruments — including but not limited to any that appear in the contents of this article.





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