According to crypto trader Austin Arnold, these three catalysts will trigger massive Ethereum and Bitcoin Bull races.

Crypto influencer Austin Arnold said the price of Bitcoin (BTC) and Ethereum (ETH) is about to kick off another rally amid the bullish news. In a new video, the Altcoin Daily server explains how Visa's decision to trade on the Ethereum blockchain will trigger the ETH surge. "The ETH token acts as gas for the network. So the more activity there is, the more people on the network have to buy the gas token and HODLing ETH. Basic news like this should tell you one thing – ETH won't stay below $ 2000 forever. "With regard to Bitcoin, Arnold points out that the increase in the flagship cryptocurrency's mining hash rate is primarily a bullish signal." Bitcoin's mining hash rate has reached a new record. Therefore, miners are not showing a downward trend, they are trying to collect as much as possible. and, as noted by the famous Bitcoiner Max Keizer, "The price usually follows the hash rate. The crypto trader and YouTuber adds that the steady growth of foreign exchange reserves on exchanges is another bullish signal for Bitcoin and digital assets. "Stabilcoin reserves in cryptocurrency exchanges have reached a new record exceeding $ 10 billion … Cryptocurrency exchanges now hold almost 16% of the total market value of all stablecoins with a fixed market value of $ 63 billion. Stabilcoin flow is often seen as a short-term bullish action indicator for Bitcoin, indicating that marginalized capital is returning to BTC. "I Didn't Miss a Rhythm – Crypto-e sent straight to your inbox. Subscribe to email alerts Follow us on Twitter, Facebook and Telegram Daily Hodl Mix Check the latest news Headlines Disclaimer: Views Expressed on The Daily Hodl are not investment advice. Investors should exercise due diligence before making risky investments. Read more

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