Grayscale Report: Currently in the mid-stage of the crypto bull market, with potential to extend into 2025 and beyond.
Original title: The State of the Crypto Cycle
Original authors: Zach Pandl, Michael Zhao, Grayscale.
Original translation: Luffy, Foresight News.
· Historically, the cryptocurrency market follows a distinct four-year cycle, with prices experiencing consecutive phases of rise and fall. Grayscale Research believes that investors can monitor various blockchain-based metrics and other indicators to track cryptocurrency cycles and inform their own risk management decisions.
· Cryptocurrency is an increasingly mature asset class: New spot Bitcoin and Ethereum ETFs have broadened market access, and the upcoming Trump administration may bring greater regulatory transparency to the crypto industry. Given these reasons, the valuation of the cryptocurrency market may break historical highs.