NingNing
NingNing|Jun 09, 2025 02:16
Rome wasn't built in a day! In Q4 of 2023, the Bitcoin spot ETF experienced a collective surge in the cryptocurrency market, fantasizing that top institutions such as BlackRock/Fidelity would use the phrase "Bitcoin is uncorrelated with other bulk assets" to attract "old money" to enter and raise the value of Bitcoin, and then the value would spill over to the altcoin market, replicating the super wealth effect of the cryptocurrency market in the 2020-2022 cycle. However, things did not go as planned. During the 2020-2022 cycle, two major encrypted P2P platforms, @ Celsius Network and @ Nexo, pumped liquidity into the cryptocurrency market after the Federal Reserve and the Treasury Department's massive monetary policy during the US pandemic. And this cycle is the opposite. Bitcoin spot ETFs and cryptocurrency concept stocks in the US have diverted hot money that should have flowed into the cryptocurrency market. After the victory of Trump, the result of the clarification of encryption regulatory policies was contrary to the expectation of the encryption market. The original encryption enterprises with healthy business models chose to list in the US stock market rather than issue coins. The encryption market became a dumping ground for memecoin, technology narrative, public goods altcoin and other garbage assets, and further poisoned the transaction environment of the encryption market. In an era where birds should be singing and swallows dancing, native crypto enthusiasts feel the atmosphere of the apocalypse. Do you have any way to break through this situation?
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