Markets
Crypto market bull run pushed back until 2025? Here’s what to expect
Here’s the twist that no one could have predicted.
In a recent update, crypto analyst Miles Deutscher shared his latest insights on the Cryptocurrency market cycle. Initially, the market peak was expected in the fourth quarter of 2024, but recent trends suggest a delay, now expected in early to mid 2025.
But don’t press the panic button yet. This move to early to mid 2025 could be a golden opportunity. Read on to understand why this delay is a game changer for your crypto strategy!
Changing Market Dynamics
A few months ago, the cryptocurrency market was on a rapid upward trajectory, with prices rising rapidly. The market was expected to peak in the fourth quarter of 2024. However, according to Deutscher’s analysis, recent price fluctuations have changed this forecast.
Current Market Trends
As of June 26, 2024, the total market capitalization of cryptocurrencies stood at $2.222 trillion. At the beginning of June, it stood at around $2.465 billion, peaking at $2.572 billion on June 5. Since then, the market has shown a steady weakening trend. At the start of 2024, the total market capitalization was approximately $1.668 billion, reaching its annual high of $2.678 billion on March 13.
The total crypto market capitalization, excluding Bitcoin, is currently $1.01 trillion. At the beginning of June 2024, it stood at $1.131 billion, with a monthly peak of $1.171 billion on June 5. Like the entire market, it has weakened since then. At the start of this year, it stood at $800.685 billion, peaking at $1.241 trillion on March 13.
Both market charts revealed strong upward momentum between late January and mid-March, followed by a limited trend. In the graph of the total market capitalization of cryptocurrencies, it fluctuates between $2.618 and $2.126 trillion. In the total crypto market cap excluding Bitcoin chart, it remained between $1.214 trillion and $972.32 billion.
How Investors Can Plan
With the market peak now expected in early 2025, cryptocurrency investors have an extended period to refine their strategy. investment strategiesThis extra time allows them to position themselves advantageously for the next peak in the cycle, potentially maximizing their returns.
The crypto market is constantly evolving. Do you think early 2025 is a realistic timetable for reaching the peak?