The year 2024 promises to be a turning point for cryptocurrencies. Here are the key events and trends that could impact $BTC, $ETH and other assets:
1. Bitcoin Halving
The halving in April 2024 will reduce miners' rewards from 6.25 to 3.125 BTC. This historically leads to price increases:
• 📈 2016: +300% for the year after the halving.
• 📈 2020: +500% after 18 months.
Question: Can $BTC reach $100,000 this time?
2. Approval of ETFs in the USA
If the SEC approves spot ETFs for Bitcoin, it will attract institutional investors. Example: the success of the gold ETF in 2004 doubled its value.
Forecast: The interests of major players could push the market to a new high.
3. Altcoin growth
Projects with real utility, such as $ETH (DeFi) or $SOL (games and NFTs), continue to grow. Keep an eye on promising newcomers:
• $ARB — for decentralized applications.
• $RNDR — for rendering graphics in the metaverse.
4. Risks
⚠️ Cryptocurrency regulation in the USA and Europe may slow growth.
⚠️ High volatility scares inexperienced investors.
What do you think about the future of the crypto market? Your predictions?
#CryptoNewss #Bitcoin❗ #BinanceSqaure
