In the first half of 2024, cryptocurrency investors are wondering about the future of Bitcoin, which continues to lose value after hitting an all-time high in March. 📉

- The fear and greed index shows a sharp decline

- What will happen to the Bitcoin ETF?

- Will the situation improve?

According to Bloomberg, Bitcoin has lost about 13% in value since March, despite sharp spikes of 67% and 57% in previous quarters. Experts consider the current decline in BTC an excellent time to buy before the subsequent rise in Bitcoin prices.

The index of fear and greed in the crypto market fell to 30 points, the lowest level since September 2023. This happened against the background of a general decline in the crypto market, when Bitcoin fell from $62,500 to $59,100.

Investors poured about $2.6 billion into Bitcoin ETFs in the second quarter, up from about $13 billion in the first three months of the year. However, most attention is now focused on the Ethereum ETF.

Experts from the analytical company CryptoQuant expect positive movements in the cryptocurrency market in the third quarter of 2024.