Markets
Crypto Bull Run Pushed to 2025? Here’s what to expect
In a recent update, cryptocurrency analyst Miles Deutscher shared his latest insights into the cryptocurrency market cycle. Initially, the peak was expected in the fourth quarter of 2024, but recent trends suggest a delay, now expected to mid-2025. This shift offers a unique opportunity for cryptocurrency investors to improve their strategies.
Cryptocurrency Market Shift: Peak Delayed
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. In Deutsher’s view, recent price fluctuations have changed this forecast.
Current Crypto Market Trends
As of June 26, 2024, the total cryptocurrency market value is $2.222 trillion. In early June, it was approximately $2.465 billion, reaching a peak of $2.572 billion on June 5. Since then, the market has shown a consistent weakening trend. At the start of 2024, the total market capitalization was around $1.668 billion, reaching its annual peak of $2.678 billion on March 13.
The total crypto market capitalization, excluding Bitcoin it is currently $1.01 trillion. As of early June 2024, it is $1.131 trillion, with a monthly peak of $1.171 trillion on June 5. Similar to the overall market, it has weakened since then. At the beginning of this year, it was $800.685 billion, peaking at $1.241 trillion on March 13.
On both charts, we saw strong upward momentum between late January and mid-March. Later, it entered a range trend. On the total cryptocurrency market capitalization chart, it fluctuated between US$2.618T and US$2.126T. In total crypto market capitalization, excluding the Bitcoin chart, it was between 1.214T and 972.32B.
With the market peak now expected in early 2025, cryptocurrency investors have a long period to refine their crypto investment strategies and position yourself advantageously for the next peak of the cycle.