Cryptocurrency

IOTA

April

<div class="finbold">
 <p class="paragraph">Although the past few weeks have been challenging for the majority of assets in the cryptocurrency market, it seems like the hardships might be over and that the industry as a whole could be racing toward the market capitalization of $2 trillion it last reached in March 2022.</p>
 <p class="paragraph">Specifically, according to the observations by the crypto trading expert Michaël van de Poppe, the total market cap of the crypto sector “has taken the liquidity and bounced from the crucial area” at $1.54 trillion, as he explained in an X post published on January 26.</p>
 <p class="paragraph">Therefore, in line with his chart pattern <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, the renowned crypto analyst has concluded that the market might continue toward the massively important market cap target of $2 trillion, which it previously lost in early April 2022 after spending almost a year above it.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" width="900" height="474" src="https://cdn.thebittimes.com/images/2024/01/26/7535e78b6effbb19759dea954a2be7ff.webp" alt class="wp-image-151519" srcset="https://cdn.thebittimes.com/images/2024/01/26/7535e78b6effbb19759dea954a2be7ff.webp 900w, https://cdn.thebittimes.com/images/2024/01/26/7535e78b6effbb19759dea954a2be7ff.webp 300w, https://cdn.thebittimes.com/images/2024/01/26/7535e78b6effbb19759dea954a2be7ff.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>Crypto market cap analysis. Source: Michaël van de Poppe</em>
  </figcaption>
 </figure>
 <p class="paragraph">Indeed, the larger part of the sector could be seeing better days, particularly as its representative, the flagship decentralized finance (DeFi) asset Bitcoin (BTC), is back above the $40,000 price mark, with more gains predicted as the date of its next halving event gets closer.</p>
 <figure class="wp-block-image alignleft"><img decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/01/26/db0bb75e0e61805333e8bb02c73eebf3.webp" alt class="wp-image-151520" srcset="https://cdn.thebittimes.com/images/2024/01/26/db0bb75e0e61805333e8bb02c73eebf3.webp 1200w, https://cdn.thebittimes.com/images/2024/01/26/db0bb75e0e61805333e8bb02c73eebf3.webp 300w, https://cdn.thebittimes.com/images/2024/01/26/db0bb75e0e61805333e8bb02c73eebf3.webp 1024w, https://cdn.thebittimes.com/images/2024/01/26/db0bb75e0e61805333e8bb02c73eebf3.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>Bitcoin 7-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-total-crypto-market-cap-analysis">Total crypto market cap analysis</h2>
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       <h3 class="font-bold leading-6 " id="iota-price-prediction-after-huge-24-hour-gain">IOTA price prediction after huge 24-hour gain</h3>
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 <p class="paragraph">Meanwhile, the total crypto market cap at press time stood at $1.59 trillion, recording an increase of 2.73% over the last 24 hours, a decline of 1.85% across the previous seven days, and a 4.22% drop on its monthly chart, as per the most recent information retrieved by Finbold from <em>CoinMarketCap</em> on January 26.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="853" src="https://cdn.thebittimes.com/images/2024/01/26/123ef0c3c517fb9ab3ed4e3da27a4675.webp" alt class="wp-image-151521" srcset="https://cdn.thebittimes.com/images/2024/01/26/123ef0c3c517fb9ab3ed4e3da27a4675.webp 1600w, https://cdn.thebittimes.com/images/2024/01/26/123ef0c3c517fb9ab3ed4e3da27a4675.webp 300w, https://cdn.thebittimes.com/images/2024/01/26/123ef0c3c517fb9ab3ed4e3da27a4675.webp 1024w, https://cdn.thebittimes.com/images/2024/01/26/123ef0c3c517fb9ab3ed4e3da27a4675.webp 768w, https://cdn.thebittimes.com/images/2024/01/26/123ef0c3c517fb9ab3ed4e3da27a4675.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>Total crypto market cap 1-month chart. Source: </em><em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, if the expert’s above predictions prove correct, the overall crypto market cap could end up in the $2 trillion zone sometime in October this year, after which it would continue to rise towards the coveted $3 trillion it got close to in November 2021 at $2.8 trillion.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-crash-over-expert-gives-key-insights-tbt77878.html">https://thebittimes.com/crypto-crash-over-expert-gives-key-insights-tbt77878.html</a></p>

Crypto crash over? Expert gives key insights

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TheBitTimes

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