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Bitcoin bull cycle outpaces historical patterns by 100 days: Report

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 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.

Read More:

Bitcoin bull cycle outpaces historical patterns by 100 days: Report

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 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.

Read More: https://cointelegraph.com/news/bitcoin-bull-cycle-outpace-history-100-days-coinmarketcap