The crypto industry entered a full-fledged recovery in 2024. The approval of Bitcoin and Ethereum spot ETFs in the United States marked a historic integration of digital assets into the mainstream financial system. Institutional capital poured in, driving a sharp rise in market activity. Meanwhile, the global regulatory framework matured—the Markets in Crypto-Assets (MiCA) regulation of
As multiple countries adopted strict regulatory frameworks for cryptocurrencies in 2023, the Federal Reserve continued raising interest rates and the US dollar index strengthened, leading to increased volatility in mainstream cryptocurrencies. Hedge funds and traditional financial institutions kept exploring crypto asset exposure, while geopolitical turmoil and global economic slowdown made stablecoins and risk control focal
After nearly two years of downturn, the crypto market entered a recovery phase in 2023. Bitcoin led the rebound, while the Ethereum ecosystem regained momentum. Layer2 networks and AI-related sectors drew capital inflows, turning the market from sideways consolidation to steady recovery. Bitcoin broke through the USD 30,000 mark, major tokens rebounded, and market confidence
In 2022, as global macroeconomic tightening intensified and expectations for Federal Reserve rate hikes rose, crypto market liquidity contracted and risk assets generally retreated. Trust crises around stablecoins and algorithmic models led to the evaporation of tens of billions of dollars in crypto market value within a short period. Frequent incidents such as hacking and
In 2021, the total market capitalization of crypto assets soared from about $770 billion at the start of the year to over $3 trillion, an increase of nearly 300%. It was a year for the history books: Bitcoin hit an all-time high of $69,000, the total value of DeFi locked surpassed $100 billion, and NFT sales
After the exuberance of 2021, the crypto market entered a more rational phase in 2022. A tightening global macro environment and shrinking liquidity shifted investor sentiment from optimism to caution, ushering the market into a corrective cycle marked by sharp volatility. A series of institutional collapses triggered a widespread crisis of confidence. Amid this turbulence,