Bitcoin and Ethereum are experiencing their worst February in years, but analysts see potential for continued growth.
Changing Landscape of Altcoins
Pseudonymous crypto trader Pentoshi believes the days of explosive altcoin rallies, like in 2017 and 2021, may be gone for good. 'The space is just way too big now, with hundreds of millions of people,' Pentoshi explained.
New Bull Market
Historically, Bitcoin's halving events led to significant bull runs, but this time the market reaction might differ. According to Pierre Rochard, Vice President of Research at Riot Platforms, U.S. policy changes could create a more favorable regulatory environment for Bitcoin.
Correlation with Equities
According to BlockTower Capital’s co-founder Ari Paul, the broader macroeconomic environment is influencing the crypto market. 'Equities are in for 4-15 months of pain tied to deflationary government policies,' Paul noted.
Despite recent price drops, the crypto community remains optimistic about the market's long-term prospects. Regulatory changes and institutional involvement could play a key role in market development.
