$BTC current price 80220, $ETH current price 2311—there is a split between bulls and bears, and there is no market-wide consensus.

Currently, the crypto market is in a bear-market cycle, but traditional financial markets are broadly trending bullish; the macro environment has hedged and eased the downside pressure on the crypto market.
The main storyline for the first half of the year was largely driven by the pace of progress on the US–Iran geopolitical situation and structural policy bills in the crypto industry;
In the second half of the year, the focus is more closely anchored to the Federal Reserve’s “dovish” camp—its interest-rate-cut path and the timing of policy implementation.
As institutional funds continue to flow in, and the scale and market share of spot ETF holdings keep rising, institutional influence over how the market is priced will continue to strengthen, which means the magnitude and intensity of the declines in this bear market are far less extreme and less sharply steep than in previous rounds.
Overall, the market hopes to see multiple rounds of phased rebound-and-repair recovery during the year. #非农数据连续超出预期：降息预期走低 @Gate 即时热点 $ETH $BTC $GT ‌