We are already halfway through 2024, and it has already been a great year for the crypto market:
First, the Bitcoin ETF launched in January…
Then, the long-awaited fourth Bitcoin halving took place in April
And next month, the newly approved Ethereum ETF will begin trading
Although the altcoins have not ushered in a bull run, a harsh reality is that
BTC and ETH are up 52% and 48% respectively this year.
Since the beginning of 2023, Bitcoin has surged by about 300%, and
Ethereum is up about 200%
Perhaps, the crypto bull run is 50% complete, and all on-chain indicators tell the same story: the crypto bull run will continue for another 12-18 months.
Although we are about halfway through the cycle in terms of time, studying past bull runs shows that most profits are generated in the second half.
About 80% of profits are generated in the last 20% of the cycle.
It won’t be a straight line. So, please keep your faith and farm bravely!