New Trends in the Cryptocurrency Market in 2024: Parallel Development of Institutionalization and Compliance

The cryptocurrency market in 2024 is undergoing profound changes, with institutional investors entering the arena at an accelerated pace. Data shows that among the top 100 hedge funds globally, 72 have allocated crypto assets, and BlackRock's Bitcoin ETF has surpassed $15 billion in assets under management. At the same time, the global regulatory framework is gradually improving, with the EU's MiCA regulation fully implemented and the U.S. passing the Digital Asset Market Structure Act, providing a clearer compliance path for institutional funds. Notably, traditional financial giants like JPMorgan and Goldman Sachs have launched crypto custody services, marking the acceleration of cryptocurrency integration into the mainstream financial system. Under this trend, market volatility has significantly decreased, with Bitcoin's 30-day volatility dropping to 25%, approaching the level of gold. $ADA