Today is the first day of the second half of 2024.

Looking back on the past six months, the cryptocurrency market has experienced a three-month sideways period after a surge.

Mainstream currencies have pulled back by about 30%, while most altcoins have pulled back by more than 50%. Facing the upcoming second half of 2024,

Investors can't help but ask: Is there still a chance in the market?

From a fundamental point of view, we need to pay attention to two key factors:

1. Fed rate cuts: Whether this year or next year, the Fed's rate cut policy is certain. The implementation of this policy has a far-reaching impact on global financial markets, including the cryptocurrency market.

2. Approval of spot ETFs: After ten years of development, the cryptocurrency market has gradually moved from chaos to standardization, and institutional investors have become important participants in the market. With the approval of spot ETFs, the scale and legitimacy of the market will be further established, which may extend the bull market cycle of the market.

The combined effect of these factors indicates that the cryptocurrency market may usher in longer-term development and growth opportunities in the future.