Bitcoin’s bull market cycle is accelerating and is running 100 days ahead of its typical four-year cycle. According to CoinMarketCap’s (CMC) Q3 market research report, Bitcoin (BTC) could break out of its traditional four-year cycle and enter a supercycle.
CMC Research notes that institutional adoption, BTC exchange-traded funds (ETFs), and changing market dynamics could trigger this supercycle. Bitcoin’s price performance and the recent BTC halving suggest that a potential all-time high could occur sooner than expected.
CMC also noted that storage, lending, and privacy sectors were the sectors that suffered the most losses in Q3 2024. We welcome your comments.