Bitcoin is experiencing a rebound, currently trading above $57,000 after a drop below $53,000 last week. This rise coincides with gains in U.S. stocks.
Greg Cipolaro mentions that despite today's gains, potential catalysts for bitcoin are scarce. Historically, August and September are weak months for its prices.
Cipolaro highlights that the fourth quarter generally sees positive price action for bitcoin, suggesting that bulls may rely on external macro factors until then.
The upcoming presidential election in November may significantly impact the crypto industry, though it's uncertain which candidate's policies will favor it.
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