Ansem: Crypto Market Has Hit Bottom, Bottom Fishers May Chase Up

On September 18, crypto trader Ansem stated that it is unlikely for the crypto market to see lower prices. Previously, the crypto market experienced the worst cross-asset performance lag in history, while U.S. stocks continued to rise. The crypto market has hit bottom amid the most pessimistic industry sentiment in recent years. Those veteran players still waiting for the "four-year cycle bottom" may have to chase this round of market rally. For traditional financial investors looking to diversify, crypto assets are beginning to show appeal for momentum trading and may become an allocation asset in long-term portfolios to hedge against irresponsible U.S. fiscal policies.

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