The cryptocurrency market is going through a bearish phase, with a strong decline in altcoin capitalization and a drop in venture capital funding. However, Coinbase projects a possible explosive recovery towards the second half of 2025. Macroeconomic factors have cooled investor interest, but metrics such as the 200-day moving average and Bitcoin's Z-score indicate that we could be close to a cycle change. Additionally, Bitcoin's role as a store of value is strengthening, while the crypto ecosystem diversifies beyond the behavior of $BTC

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