🚨 #Crypto movement catalysts 🚨
📆 21 Feb
What is driving the appetite? 🟢
👉 Proposed sovereign adoption - France 🇫🇷 is reviewing the bill to potentially acquire 2% of $BTC as part of their national reserve.
👉 #Altcoins receiving influx of liquidity - #DeSci category saw rise of 5.42% with projects such as $BIO (Bio Protocol) 40% ⬆️ and $ENSO 13% ⬆️ seeing positive gains 🟢
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:
🚨Possible 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
🟢 Market Outlook - Cautiously Bullish Bounce