Today, the cryptocurrency world is under the influence of multiple factors.
1. Market regulation and litigation: The U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI) and other institutions are filing lawsuits against four cryptocurrency companies and individuals, accusing them of market manipulation and fraud. This action reflects the continued attention of regulators to the crypto market.
2. Bitcoin mining difficulty increased: Bitcoin mining difficulty increased by 4.12% yesterday to 92.05 T, showing an increase in network computing power.
3. Market dynamics and forecasts: Despite the volatility of the market, Bitwise's chief investment officer predicts that Bitcoin may rise to $80,000 by the end of 2024, but the premise is that there are no major negative events in the economic environment, the results of the U.S. election, and the crypto industry.
4. Investment trends: Traditional financial institutions such as WisdomTree are increasing their layout in the crypto market, such as launching debit cards and new platforms that support digital assets, which further demonstrates the interest of mainstream financial markets in crypto assets.
These factors together show that although the crypto market is still full of volatility, from regulation to technological progress to the involvement of institutional investment, the cryptocurrency market is moving towards greater maturity and standardization.
