Core Insights - The cryptocurrency market experiences cyclical bull markets approximately every four years, with Bitcoin (BTC) reaching a peak of $60,000 in 2021 before dropping to over $10,000, and is projected to return to $120,000 in the next cycle [1] - The proliferation of blockchain technology has led to various applications on public chains, with the previous bull market focusing on decentralized storage, NFTs, and the metaverse [1] - The current market is witnessing the introduction of stablecoin legislation, tokenization of real-world assets (RWA), decentralized finance (DeFi), and new concepts in decentralized exchanges (DEX) like Uniswap, indicating a shift towards more innovative financial solutions [1] - Over the past decade, the cryptocurrency market has transitioned from chaotic growth to more structured promotion, becoming increasingly integrated into everyday life [1] - The long-awaited approval of Bitcoin ETFs has reignited interest in the market, with prices starting from over $1,000 in April [1]