Insights into the Cryptocurrency Market: Survival and Challenges for Independent Traders
The cryptocurrency market in the first half of 2024 has been notably dynamic. The approval of Bitcoin spot ETF applications served as a significant positive catalyst, sparking a bullish surge. Bitcoin’s value surpassed the $73,000 mark, indicating that each halving cycle typically heralds a new round of substantial price increases.
At the same time, large institutions and capital, such as BlackRock and Fidelity, are gradually entering the cryptocurrency market, presenting more severe challenges for independent traders. The influx of big institutions and capital could alter the market’s bull and bear cycles, making price movements more complex and difficult to predict. Therefore, independent traders need to adopt certain strategies to survive and succeed.
So, how can independent traders be...