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

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

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