The founder of Hex, an ethereum-based token that rewards investors for staking, prides himself with calling the tops and bottoms of the crypto market. This usually follows a cycle that starts with bitcoin’s price peaking and then altcoins before the whole market tumbles. Economic factors could have additional impacts on the crypto market. Another thing to note is that digital assets are speculative and correlated with the stock market. Historical trends show a gradual increase in bitcoin’s price after a halving event, which is when the amount of BTC per block is reduced.

Source: CBC News June 06, 2022 12:35 UTC