2024

Bitcoin

Momentum

<ul class="news-points"> 
 <li>Ethereum outperforms Bitcoin in 2024 amid speculation on spot ETF approval.</li> 
 <li>Analyst predicts Bitcoin will reach $88K by the end of 2024</li> 
 <li>Ethereum’s surge is led by ETF speculation and the Dencun upgrade, according to analyst.</li> 
</ul> 
Senior Crypto Research Analyst at Bitwise, Ryan Rasmussen, predicted Bitcoin would reach $88K by the end of 2024 in a recently <a href="https://www.youtube.com/watch?v=U_e4yvoipX0" target="_blank" rel="nofollow">released interview</a> with Yahoo Finance. In Bitcoin’s recent surge, the crypto reached its highest level in over two years, breaking above the $57,000 mark. However, the interview highlighted how, year to date, Ethereum “has managed to outperform its larger crypto rival.” 
Rasmussen stated that Bitcoin benefits from excitement around the upcoming halving event and bullish futures trading positions. However, the analyst believes that Ethereum is bullish due to the anticipation around the <a href="https://coinedition.com/analyst-spots-dencun-upgrade-and-ethereum-etf-as-crypto-bull-cycle-catalysts/">Dencun upgrade</a> in March, which is driving “a lot of excitement.” The upgrade is reportedly expected to lower transaction costs. 
Despite the optimism, the analyst highlighted that the Bitcoin ETFs weren’t approved easily. Rasmussen agreed with the host, who said that the U.S. Securities and Exchange Commission’s Chai…
The post <a href="https://coinedition.com/bitcoin-set-for-88k-by-2024-ethereums-momentum-surges-analyst/">Bitcoin Set for $88K by 2024; Ethereum’s Momentum Surges: Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Set for $88K by 2024; Ethereum’s Momentum Surges: Analyst

Coin Edition

Other articles published on Feb 27, 2024

Ethereum ETF Approval on SEC’s Radar for Potential 2024 Greenlight

Altcoins Steal the Spotlight as Ethereum’s Price Rally Ignites Investor Interest

China’s Prosecutorial Authority Takes Action Against Crypto Scams

All in Bits to Launch GovGen Chain ahead of Cosmos Hub AtomOne Fork

US Economic Indicator Shows Unexpected Decline in Core Durable Goods Orders

Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale

Join our free newsletter for daily crypto updates!