The cryptocurrency market is expected to recover, but the timing and speed of recovery depend on various factors. Key drivers for recovery include continued adoption of blockchain technology by global companies and governments, institutional investment inflows, and historical Bitcoin halving cycles which traditionally precede bull runs. Innovation in decentralized finance (DeFi) and other blockchain applications also support long-term growth prospects. Looking at timing, recovery scenarios vary:

• Some experts see potential recovery or price momentum restarting in mid-to-late 2024, driven by Bitcoin halving.
• More cautious outlooks anticipate meaningful recovery during 2025 or beyond once macroeconomic conditions and regulatory environments stabilize.
• Short-term bounces may occur sporadically in response to improving market sentiment or positive news, which could hint at an eventual larger uptrend.

Currently, despite recent market volatility worsened by events like the U.S. government shutdown and inflation fears, there are signs of resilience with key supports holding and institutional appetite continuing. Overall, while volatility remains, the fundamental technology and growing adoption suggest crypto will bounce back with stronger growth over time, especially for established assets like Bitcoin and Ethereum.