Cryptocurrency Evolution Theory Issue 02 | OKX Ventures & Multicoin Capital & 1kx: Where is DeFi Heading?
Cycles and narratives have always been central topics in the global cryptocurrency market. In the past, the industry often perceived cycles based on Bitcoin halving while exploring major narrative trends. However, after the approval of Bitcoin and Ethereum spot ETFs, the cryptocurrency market has become highly coupled with global financial market trends, and the variables influencing the cryptocurrency market are increasing.