Main takeout:
BITCOIN’s achievements in Bull Market and new buyers Cohort have expanded their adoption and adoption.
The 50% increase in hashrates and the increase of 63% of CAP highlights emphasize investors’ trust in Bitcoin.
According to a recent report from Fidelity Digital Assets, he explored how the current Bitcoin market cycle reflects the transition to the mature market, which is intensifying and expanded.
Block height 892,500 (currently half -fork has made a 25% progress, and Bitcoin has been traded between $ 82,500 to $ 85,000, and block rewards, which increased 31% in April 19, 2024, have reduced block rewards to 3.125 BTC.
Fidelity’s senior research analyst Daniel Grey emphasized Bitcoin’s network elasticity and pointed out a 50% surge in hashrates after half. This increase signals a strong miner promise despite the decrease in compensation. Unlike the previous cycle marked with post-death rally, the 2024-2025 steps are characterized by more steady and measured growth.
Compared to the price of Bitcoin, the Puell drainage, which is an indicator of miner revenue, is stabilized, suggesting that the market is lowered without significant volatility. The report explains.
“Bitcoin’s more muted profits inevitably caused uncertainty by reflecting the market that digests some external tail winds and headwinds.”
Historically, this mid -Epoch stage matched the new all -time high this week. Fidelity pointed out that this growth can be expanded to the second quarter of 2025 and can redefine Bitcoin’s position as a reliable asset class in Hyundai Portfolio.
The realized CAP of Bitcoin is an important indicator of this evolution, which measures cumulative net capital inflow. After half of 2024, the CAP metrics have surged 63%, rising from $ 561 billion to $ 91.5 billion, and capital size has entered the market.
This trend fits the long -term trajectory of Bitcoin. The cap, which is realized here, rises in half, indicating mature assets with significant growth progress.
The main driver of this Bitcoin Bull Market
The current bull market cycle is also distinguished by the involvement of the record level and the participation of corporate levels. In January 2024, the US SPOT BITCOIN EXCHANGE-Traded Funds (ETF) approved $ 134 billion, and the monthly trading volume of platforms such as Binance exceeded $ 1 trillion in March 2024.
The strategic Bitcoin, especially the strategy of a public company with 576,230 BTC, sets a new industry blueprint. Companies such as Metaplanet Inc., Bitcoin Group SE and Semler Scientific have followed the lawsuit after verifying the role of Bitcoin as a corporate financial asset at this period.
Therefore, Gray claims that Bitcoin’s foundation and global perceptions are “strong at any time,” and indicates the cycle of growth, institutional ancestors and market elasticity.
Related: Bitcoin’s newest best merchant is as follows: Is the BTC price overheated at $ 111K?
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.