Bitcoin (BTC) surpassed $100,000 after the release of the Consumer Price Index (CPI) for November in the U.S., which recorded a year-on-year increase of 2.7%, in line with market expectations. This data boosted expectations that the Federal Reserve (Fed) would cut interest rates by 25 basis points soon, favoring the demand for risk assets such as cryptocurrencies. Bitcoin experienced a rebound of 6%, while the crypto market as a whole grew by more than 4% in the last 24 hours. Altcoins like XRP, Solana (SOL), and Cardano (ADA) led the gains with increases of 23%, 11%, and 16%, respectively. Other sectors, such as meme coins and artificial intelligence tokens, also reported rises. However, experts like James Toledano from Unity Wallet urged caution, highlighting Bitcoin's historical volatility and the risk of a correction.
Ethereum (ETH), the second largest cryptocurrency by market capitalization, has a price of US$3801.19 (ARS $4.074.875). In the last 24 hours, its value changed by 5.93%.
The price of Movement (MOVE) skyrocketed above 1 dollar after the launch and airdrop, with trading volume exceeding 6.34 billion dollars.#BecomeCreator #Movement
This is what my account looked like after I was scammed out of $300 🥲. The scam happened after I was tricked into sending money to wallet X for a cryptocurrency trading course. Be careful people...
According to an updated analysis of the best cryptocurrencies to invest in 2024, these options stand out for their capitalization, growth, and market potential:
1. Bitcoin (BTC): It remains the leading cryptocurrency in capitalization and global backing. It is ideal for consolidating a stable portfolio and is widely adopted as a means of payment【9】【10】.
2. Ethereum (ETH): Its strength lies in smart contracts and decentralized applications (DApps). It is key in decentralized finance and has solid growth with proven technology【9】【10】.
3. Injective Protocol (INJ): This altcoin has significantly appreciated (2,940% in 2023) due to its focus on decentralized exchanges and innovative multilayer technology【9】.
4. Solana (SOL): Known for its high speed and low fees, it is a standout choice in blockchain projects and NFT applications【9】【10】.
5. Polkadot (DOT): Its interoperability between blockchains makes it ideal for diversifying portfolios, offering stability and long-term growth【10】.
6. Decentraland (MANA): It is the token of the Decentraland ecosystem, a project focused on the metaverse and NFTs, with growth projections in the realm of digital assets【10】.
To build a diversified portfolio, it is advisable to combine established cryptocurrencies like Bitcoin and Ethereum with high-growth altcoins like Injective and Solana. Additionally, consider risk management and consult reliable platforms for your operations【9】【10】.
Bitcoin, the first cryptocurrency in the world, remains the most influential and valuable digital asset in the ecosystem. If Bitcoin has surpassed $100,000, this marks a historic moment for financial markets. Here is an opinion on its future and reasons why it could reach $200,000 by December of next year:
1. Scarcity and Limited Supply
Bitcoin has a fixed supply of 21 million coins. As more individuals and institutional entities buy and accumulate, the circulating supply decreases, which could increase its price.
2. Growth of Adoption
a) Institutional Adoption
Companies like Tesla, MicroStrategy, and investment funds have driven demand. If more institutions adopt Bitcoin as a store of value, the price could skyrocket.
b) Global Recognition
More and more countries are accepting Bitcoin as a financial asset. Some are even considering its legalization as legal tender, which could significantly increase its use.
3. Bitcoin Halving (2024)
The next halving, scheduled for 2024, will reduce the miners' reward from 6.25 BTC to 3.125 BTC per block. Historically, halvings have been catalysts for significant price increases due to the reduction in the issuance of new bitcoins.
4. Economic Factors
a) Inflation and Currency Devaluation
Bitcoin is seen as a hedge against inflation, attracting investors looking to preserve their purchasing power in economies with weak currencies.
b) Geopolitical Tensions
During global uncertainties, Bitcoin consolidates as "digital gold," which increases its demand.
5. Technical Projections
Technical analysis and models like Stock-to-Flow (S2F) suggest that Bitcoin could reach or exceed $200,000 if it maintains its current growth trajectory.
6. Possible Risks
Regulation: Government intervention or unfavorable regulations could slow its growth.
Bitcoin, the first cryptocurrency in the world, remains the most influential and valuable digital asset in the ecosystem. If Bitcoin has surpassed $100,000, this marks a historic moment for financial markets. Here is an opinion on its future and reasons why it could reach $150,000 by December of next year.
Here are 8 tips for investing in cryptocurrencies through Binance:
1. Research Before Investing
Study the cryptocurrencies you want to invest in. Learn about their technology, use case, and the team behind the project. Never invest in something you do not fully understand.
2. Diversify Your Portfolio
Do not put all your funds into a single cryptocurrency. Diversify among different assets to minimize risks.
3. Set a Budget
Invest only what you are willing to lose. Cryptocurrencies are volatile, and it is possible to lose part or all of your investment.
4. Use Stop-Loss
Take advantage of the limit order and stop-loss features on Binance to protect your investments from drastic falls.
5. Learn to Read Charts
Familiarize yourself with technical analysis and charting tools on Binance to make more informed decisions.
6. Avoid Emotional Trading
Do not buy out of FOMO (fear of missing out) or sell out of panic. Set a strategy and follow it with discipline.
7. Keep Your Assets Safe
Use two-factor authentication (2FA) and consider moving your cryptos to a cold wallet if you plan to hold them long-term.
8. Participate in Staking and Savings
Binance offers staking and savings options to earn.