Bitcoin

<p>The year 2022 can be considered one of the most dreadful years in history as eye-catching events led to the massive downfall of the crypto space. As market participants were largely bewildered by the upcoming trend, the crypto markets were highly impacted by many external factors like the US CPI rate, inflation rates, interest rates, etc. Moreover, the recent turmoil within the US banking system benefitted the price of Bitcoin the most.</p><blockquote>Bloomberg Intelligence senior macro strategist Mike Mcglone anticipates a solid performance for Bitcoin in 2024. </blockquote><blockquote>The halving of bitcoin and other fundamental factors, according to McGlone, will benefit the cryptocurrency because they have historically been associated with bull markets. </blockquote><blockquote>He predicts that there will be a terrible recession by 2024 and that many wise institutions and investors would need to participate in the bitcoin market. </blockquote><blockquote>McGlone is not fully optimistic about bitcoin in the near future and is waiting to see how the S&amp;P 500 performs in order to gauge the volatility of other risk assets like bitcoin.</blockquote><p>Read detailed article at Coinpedia about <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price prediction for 2024</a>.</p>

Bullish on Bitcoin Before 2024 Halving Event

CoinPedia News

Autres articles publiés le 28 mars 2023

SBF Charged with Paying $40M in Bribes to Chinese Officials

Ethereum price analysis 28/3: Ethereum Held in Self-Custody Surges, Showing Hodlers’ Confidence

[Opinion] Hayes' "most hated BTC rally" theory: what will it mean for BTC to reach $1M?

CFTC Sues Binance CEO for Unregistered Crypto Derivative Products

Bitcoin ATM manufacturer General Bytes to refund customers of zero-day hack

NFT wash trading increased by 126% in February; are most NFT transactions fake?

Join our free newsletter for daily crypto updates!