Crypto Market Faces Challenges Amid Bear Market and Ongoing Conflict

The cryptocurrency market is currently experiencing a bear market with no significant rebound in sight. According to Odaily, Yi Lihua expressed on the X platform that the ongoing conflict has further compounded the market's struggles. Over the past four years, the performance in the crypto sector has been disappointing, with retail investors, crypto middle class, and venture capitalists facing losses. Meanwhile, exchanges, market makers, and project teams continue to extract funds. At present, the primary inflow of capital into the market comes from Wall Street ETFs, DAT, and a small number of dedicated believers. The crypto industry has yet to witness any groundbreaking innovations.