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🚀🚀🚀 #ETFs : Will #Bitcoin‬ hit a fresh all-time high in 2024? Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024. - BTC's Recent Performance: Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market. - Impact of ETFs: The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows. - ETF Holdings: Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin. - BlackRock's Dominance: #BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption. - Halving Event: Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024. - Scarcity Model: The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism. - Market Predictions: While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024. - Current Status: As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics. Source - crypto.news

🚀🚀🚀 #ETFs : Will #Bitcoin‬ hit a fresh all-time high in 2024?

Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024.

- BTC's Recent Performance:


Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market.

- Impact of ETFs:


The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows.

- ETF Holdings:


Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin.

- BlackRock's Dominance:


#BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption.

- Halving Event:


Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024.

- Scarcity Model:


The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism.

- Market Predictions:


While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024.

- Current Status:


As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics.


Source - crypto.news

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💥💥💥 #CryptoExpert Reveals Top 7 AI Tokens For Massive 100x Growth – Don’t Miss Out! The fusion of artificial intelligence (AI) and #Blockchain technology is gaining traction, prompting the launch of new tokens and listings on major exchanges like Binance. Analysts, known as "Crypto Symbiote," predict significant price surges for 10 AI-related tokens, with potential gains of 10x to 100x. They identified these top tokens after evaluating around 500 similar projects. AI-Related Tokens Poised for Major Growth: 1. Omni Network ($OMNI ): - An Ethereum-native protocol enabling rapid communication between Ethereum rollups. - Current price: $15 - Market cap: $163 million 2. Numerai ($NMR ): - A data science competition platform for predicting the stock market using machine learning models. - Current price: $24 - Market cap: $168 million 3. SSV Network ($SSV ): - A decentralized Ethereum staking network using Secret Shared Validator (SSV) technology for non-custodial staking. - Current price: $36 - Market cap: $278 million From Crypto Web3 Domains to AI Monetization: 4. Space ID Protocol (#ID ): - A universal name service network for web3 domains, offering a multi-chain name service and development tools. - Current price: $0.6 - Market cap: $279 million 5. Golem Project (#GLM ): - A decentralized platform for sharing and accessing computational resources. - Current price: $0.44 - Market cap: $445 million 6. AltLayer (ALT): - A decentralized protocol enhancing the security, decentralization, and interoperability of rollups. - Current price: $0.29 - Market cap: $449 million 7. NFPrompt (#NFP ): - A Web3 tool for monetizing AI-generated content through verifiable ownership of AI art. - Current price: $0.43 - Market cap: $110 million Conclusion: These AI tokens are believed to have substantial growth potential due to their innovative technology, potential for widespread adoption, and current undervaluation. However, investors should conduct thorough research and exercise caution when investing. Source - newsbtc.com
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