Bitcoin Skyrockets to New All-Time High in 2024, Surpassing $100,000
In an unexpected turn of events, Bitcoin has defied market expectations by reaching a record high price in 2024, despite being in the midst of the halving trend.
In an unexpected turn of events, Bitcoin has defied market expectations by reaching a record high price in 2024, despite being in the midst of the halving trend.
Crypto funding rates reset after Bitcoin’s sharp pullback from $69K
Ether’s Fundamentals
According to experts, Ether’s fundamentals are solid, with the upcoming network upgrade, Ethereum 2.0, expected to further boost its value. This upgrade will introduce proof-of-stake consensus mechanism, improving scalability and efficiency.
Resistance at $52,000
Analysts at Swissblock believe that Bitcoin’s inability to break above the $52,000 level could indicate that a reversal is imminent. The cryptocurrency has been trading within a tight range in recent days, indicating a lack of bullish momentum. If Bitcoin fails to break through this resistance level soon, it could signal a shift in market sentiment and trigger a pullback.
The price of Bitcoin has surged to a new record high of $52,000, driven by a surge in demand from the United States. Coinbase, the leading cryptocurrency exchange in the U.S., has seen a significant premium in the price of Bitcoin compared to other exchanges, highlighting the strong demand in the country.
*Assertive Tone: Bitcoin’s Monumental Milestone*
# Experts offer insights regarding Bitcoin’s future price post-halving
In the world of cryptocurrencies, Bitcoin has always been a subject of debate and speculation. However, the Executive Chair of Morgan Stanley, one of the world’s leading investment banks, has come forward to confirm the resilience of Bitcoin. In a recent statement, the Chair expressed his unwavering belief in the future of the pioneering digital currency.
Bitcoin, the world’s largest cryptocurrency, has started the new year on a high note. After a remarkable performance in 2020, the digital currency continued its upward trajectory as investors flocked to take advantage of its potential. With a strong start to January, many are optimistic about Bitcoin’s future in 2021.
MicroStrategy, the leading business intelligence firm, has recently boosted its Bitcoin portfolio with an additional purchase of almost 190,000 bitcoins, currently valued at over $8 billion. This move further solidifies the company’s position as a major player in the cryptocurrency market.