Three Main Supportive Factors for Crypto Identified

Positive Outlook for the Cryptocurrency Market

Galaxy Digital analyst Alex Thorn emphasized that the structural bull market in the cryptocurrency space continues, despite the selling pressure and weak risk appetite on October 10th. Thorn identified three main supporting factors for the next rise of crypto assets.

According to Thorn, investments in artificial intelligence, stablecoins, and tokenization are critical for the future rise of the crypto market. However, he noted that caution is required in the short term. Weak market liquidity, deleveraging, and low digital asset treasury flows are among the current risks.

Nevertheless, he maintains a positive outlook on assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).