Cryptocurrency

2024

Bitcoin

<div class="watcher-guru">
 <p>Bitcoin (BTC) climbed above the $45,000 mark this month in January and attracted bullish sentiments. However, Bitcoin and the overall <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> market dipped after rumors circulated that the SEC might not approve the BTC ETF. Bitcoin dipped to $43,000 and is now trading in the red in the last 24 hours. Nonetheless, Brian Kelly the Founder and CEO of Digital Asset Investment firm BKCM said in an interview with CNBC’s Fast Money that many indicators suggest that the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> market and Bitcoin in general are probably at the start of a bull run.</p>
 <p><strong>Also Read: US Economy Avoided a Recession in 2023: What’s the Outlook For 2024?</strong></p>
 <h2 class="wp-block-heading" id="h-the-cryptocurrency-market-amp-bitcoin-btc-could-experience-a-bull-run-in-2024">The Cryptocurrency Market &amp; Bitcoin (BTC) Could Experience a Bull Run in 2024</h2>
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  <noscript><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp" alt="Bitcoin BTC Bull" class="wp-image-54157" srcset="https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp 1024w, https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp 300w, https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp 768w, https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp 380w, https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp 550w, https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp 800w, https://cdn.thebittimes.com/images/2024/01/04/328f30fa1c057bdad793b6d074c15840.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>Kelly compared the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> market to the stock market and pointed out that mid-caps moving to large caps is an indicator that the stocks could gain significant movement this year. He stressed that the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> market goes in tandem with the stock market and could enter a bullish phase.</p>
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 <p><strong>Also Read: 2 Stocks Warren Buffet Is Eyeing in 2024</strong></p>
 <p><strong>“When we talk about stocks, we talk about the breadth of the market and the breadth widening out to the mid and the small caps, and that’s usually the sign of a healthy bull market. We’re seeing that in crypto right now. So you are rightly bringing up names like PolkaDot or Cosmos (Atom) or even Solana.”</strong></p>
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 <p><strong>“So all these indicators are telling me that the bull market is broadening. The fundamentals are supportive and I think we’re probably in the beginning of this 12 to 18-month bull market. It should spread to the rest of the currencies,”</strong> he said.</p>
 <p><strong>Also Read: Ethereum (ETH) Price Prediction For 2024</strong></p>
 <p>Read here to know a realistic price prediction on how high Bitcoin could trade this year in 2024. The leading <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> sustainably scaled up from $16,500 to $45,000 YoY delivering stellar returns to investors in a year. If the SEC approves the BTC ETF, Bitcoin is expected to spike further in price and reach a new high.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>cryptocurrency</li>
 </ul>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cryptocurrency-market-bitcoin-is-at-the-start-of-a-bull-run-tbt75587.html">https://thebittimes.com/cryptocurrency-market-bitcoin-is-at-the-start-of-a-bull-run-tbt75587.html</a></p>

Cryptocurrency Market & Bitcoin Is at the Start of a Bull Run

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