Bybit’s Institutional Industry Report 2024, created in collaboration with Treehouse, demonstrates the resurgence of cryptocurrency.
This report highlights the global adoption of crypto and its relationship with traditional finance. The crypto market cap grew from $1 trillion in the first six months of 2024 to $2.5 trillion in the last six months, largely due to renewed interest by institutions and significant capital inflows.
BTC, ETH and derivatives show bullish trends as investor sentiment is high
This report outlines the key findings A notable bullish tendency In the derivatives markets and in active investments in BTC and ETH metrics. Investor sentiment is strong as these main cryptocurrencies continue to show increased call premiums, despite the market volatility. Bitcoin halving The bull market in 2024 is expected to be a major event.
BTC also has a low correlation to major stock indices, making it a good hedge against TradFi. A modest allocation of 5% into BTC or ETH will enhance your returns. Sharpe ratio for an S&P500 portfolio By 43.6%. This highlights the importance of cryptocurrency as a tool for diversifying investment portfolios.
![Comparison of BTC/ETH Hedge.](https://beincrypto.com/wp-content/uploads/2024/04/image-99.png)
The sector has also seen a notable increase in venture capital investment. In early 2024 the disclosed funding for crypto-related ventures will reach $1.94billion across 243 transactions. This corresponds to an increase of 36% from the prior quarter. The renewed interest of VCs is primarily focused on projects that are crucial for the foundational development of the blockchain eco-system.
Click Here to Read More What happened at the last Bitcoin halving? What are the predictions for 2024?
The projects are aimed at addressing the industry’s challenges, and encouraging innovation.
Solana, a challenger chain Their tokens are also attracting attention. They outperform established players such as ETH. This is similar to their growth in 2021. The shift in interest is a sign of a growing confidence and acceptance for alternative blockchain technologies, which promise improved transactional capabilities and decentralized apps. The gaming and artificial intelligence sectors are particularly affected.
![The cumulative returns of competing chains](https://beincrypto.com/wp-content/uploads/2024/04/image-98-850x589.png)
The complexity of TradFi for participants and newcomers increases as traditional markets integrate cryptocurrency frameworks. In order to navigate this quickly evolving landscape, it is important to stay informed and flexible. Institutions and investors are increasingly poised and ready for the opportunities that the crypto industry offers.
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