- Binance founder Changpeng Zhao said the crypto market’s weakness in the first half of this year was driven by a mix of factors, including capital flowing into the AI industry, geopolitical tensions, and the four-year cycle.
- He said Bitcoin had corrected from a record high of about $126,000 to around $60,000, but the industry’s long-term growth trend would remain intact.
- He said discussions around regulation, prediction markets, and the US Clarity Act may cause short-term volatility, but would not change the crypto industry’s long-term growth trajectory.
Forecast Trend Report by Period
The cryptocurrency market’s weakness in the first half of this year…
