Crypto market: turbulence and prospects

The cryptocurrency market has experienced significant fluctuations, and despite recent gains, capitalization is still 14% below its March peak. June saw a steep 11.4% decline due to a bitcoin sell-off by the German government. Large bitcoin transactions from the U.S. and the return of 140,000 BTC to Mt.Gox creditors on July 5 only exacerbated the situation.

The Binance Research report highlights structural problems in the market, such as slowing capital inflows, which has led to competition between traders for limited profits. Stagnant supply of stablecoins and shrinking funds confirm this.

However, the report also points to possible positive catalysts: lower inflation, possible interest rate cuts and approval of spot Ethereum ETFs could boost the market. Cryptonary crypto analyst predicts that the price of BTC could reach $223,000 after halving.vv