2024 has been a year of resilience for the crypto market.
Despite facing a series of significant challenges, we've managed to navigate through some intense turbulence:
- Grayscale Sell-Off
- Concerns of WWIII
- Mt. Gox Bitcoin Liquidation
- German Government Crypto Dump
- U.S. Government Liquidations
- Miner Sell Pressure
- Genesis Asset Unloading
- BlockFi Liquidations
- Jump Trading Exits
Each of these events introduced periods of market instability, triggering fears of deeper declines. However, as we approach the latter part of 2024, many of these downward pressures have either subsided or been fully absorbed by the market.
With these hurdles largely behind us, the focus now turns to the broader economic outlook. As global liquidity begins to increase toward the end of Q3, the conditions may be ripe for a strong rebound in $BTC and the broader cryptocurrency space.
The worst of the sell-offs appear to be in the rearview mirror, and with more favorable macro conditions on the horizon, a renewed market surge seems increasingly likely.
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