CoinMarketCap’s new quarterly report indicates Bitcoin potentially entering a supercycle, DeFi losing to memecoins and more.
Bitcoin’s bull market cycle has been accelerating, running 100 days ahead of its typical four-year cycle, according to a new report by CoinMarketCap (CMC).
Bitcoin (BTC) is potentially on the way to breaking its traditional four-year cycle and entering a supercycle, CMC stated in its third-quarter market research report released on Oct. 3.
According to CMC Research, multiple factors suggest Bitcoin’s potential entrance into a supercycle, driven by institutional adoption, BTC exchange-traded funds (ETF) and changing market dynamics.
