The cryptocurrency industry has experienced a significant reduction in projects with a 72% drop since 2020.

A recent surge in bitcoin's value, partially attributed to the introduction of spot bitcoin ETFs in the US, has sparked renewed hope for the sector.

Bitcoin's rally, with a 47% increase since the ETFs' launch, is expected to drive new investment and interest across the crypto market.

The crypto market's value reached an all-time high of $2.58 trillion, with substantial gains in alternative cryptocurrencies, including ethereum, BNB, and dogecoin.

Despite the broader industry's growth, bitcoin is anticipated to continue as the primary market influencer with its market share potentially growing to 55%-60% this year.

There is a sense of optimism for the future of the crypto industry, especially regarding the development of early-stage projects.