Cryptocurrency markets experienced price corrections and stagnation in mainstream retail interest in 2022. However, the belief in the market's increasing relevance and potential for another bull run remains. A number of catalysts, such as the approval of a Bitcoin ETF, could drive extreme positive price action. Other factors contributing to a market boom include a strong overall economic situation, retail interest, and the growing popularity of cryptocurrency gambling platforms.

Blackrock, Fidelity, Grayscale, Ark, Invesco & Galaxy have all filed for Bitcoin ETFs, and their approval could bring an influx of trillions of dollars into the cryptocurrency market. While there might be an initial selloff or price stagnation, the long-term sentiment and outlook for the cryptocurrency market seem positive, especially with strong backing from prominent names in the industry.