Many analysts now say the four-year cycle driven by the Bitcoin halving is either dead or will have a blunted effect on markets.
The four-year crypto market cycle that traders and investors have become accustomed to is no longer as pronounced due to the maturation of crypto as an asset class and the participation of institutional investors, according to Polygon co-founder Sandeep Nailwal.
During a recent episode of Cointelegraph’s Chain Reaction, Nailwal said that Overall speculative activity is down due to high interest rates in the United States and low-liquidity conditions, but will rebound once rates are cut and the Trump administration settles into its new role.
Although interest rates on 10-year Treasury bonds have come down significantly, rates still remain relatively high. Source: TradingView
