The cryptocurrency market has matured significantly with the launch of Bitcoin and Ethereum spot ETFs and increased blockchain trading volume

Analysts say that the rapid increase in Bitcoin exchange-traded funds (ETFs) and blockchain trading volume that began trading in the U.S. market this year has improved the maturity of the cryptocurrency market.
Data source Glassnode said in a report that the cryptocurrency market has seen a surge in blockchain network trading volume this year, with Bitcoin and Ethereum spot trading increasing.
The report concluded that the cryptocurrency spot ETF market has matured dramatically since its launch. The success of the cryptocurrency spot ETF, the increase in on-chain activity and trading volume, etc. have made the market more sophisticated and accessible.
"The accelerated adoption of stablecoins and the proliferation of Ethereum Layer 2 extension solutions reflect the maturity of the market and the expansion of the cryptocurrency economy," he explained.
He continued, "Data shows that three-month Bitcoin spot price volatility has fallen to less than 60% from a 2021 high of 130%," and "in the future, investors may be more likely to buy at lower prices."
"The volatility of the cryptocurrency market will decrease as more and more people turn to stable assets."