CoinMarketCap: Accelerating Bitcoin Bull Market Signaling Supercycle Potential
Recent research by CoinMarketCap indicates that the bull market cycle for Bitcoin has been accelerating, with the market currently 100 days ahead of its usual four-year cycle. In its third-quarter market research study, which was made public on October 3, CMC predicted that Bitcoin would be breaking free of its conventional four-year cycle and going into a supercycle.
An essential concept illustrating the characteristics of the Bitcoin market is its four-year cycle. Bitcoin halving events, which reduce miner rewards about every four years or when 210,000 new blocks are mined, are strongly linked to the cycle. The price of bitcoin is usually significantly impacted by halving events, with bull markets usually peaking 518–546 days later.
Bitcoin’s Early Acceleration Suggests Record High by Mid-2025, Says CMC
The most recent halving of Bitcoin, which took place on April 20, 2024, along with the price performance of the cryptocurrency, according to CMC, indicate that an all-time high for Bitcoin may happen much sooner than usual.
This time, Bitcoin is ahead by about 100 days, pointing to a potential peak between mid-May and mid-June 2025 […] Despite this early acceleration, there are signs of slowing infrastructure growth, which could indicate that broader market dynamics are evolving.
CMC
The increased institutional use of Bitcoin by organizations like MicroStrategy and Semler Scientific, along with its increasing association with traditional assets like tech stocks and gold, are some of the factors cited by CMC as suggesting that BTC may be deviating from its usual four-year cycle.
Crypto Sectors Face Heavy Losses in Q3: Storage, Lending, and Privacy Hit Hard
Ethereum and meme coins topped the list of the top five active cryptocurrency industry sectors, as reported by CMC’s research. Despite a comeback near the end of the quarter, 16 sectors, according to CMC, had losses of at least 10% in market value in Q3, with many suffering losses of as much as 40%. With 39%, 37%, and 31% of losses, respectively, the three industries with the largest losses were storage, lending, and privacy.
The United States continues to top the world’s cryptocurrency user base with a 17% market share, according to CMC, among other noteworthy findings in the research. With a market share of more than 9%, India—which topped Chainalysis’s September crypto adoption index—has grown to be the second-largest nation among cryptocurrency users. In terms of the global market share of cryptocurrency users, Brazil came in third place with 8%.
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