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Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-bitcoin-etf-but-crypto-market-faces-turmoil/" data-wpel-link="internal">SEC Approves Bitcoin ETF, but Crypto Market Faces Turmoil</a><br></p>
<p style="text-align: justify">In recent weeks, the United States Securities and Exchange Commission (SEC) finally granted the long-awaited approval for a spot <a href="https://en.coin-turk.com/bitcoins-resilience-amidst-exchange-withdrawals-signals-market-optimism/" data-wpel-link="internal">Bitcoin</a> exchange-traded fund (ETF), paving the way for its trading to begin. However, following this event, expectations were dashed as cryptocurrencies, led by Bitcoin, experienced a collapse. In this context, a prediction from machine learning and artificial intelligence (<a href="https://newslinker.co/category/ai/" data-wpel-link="exclude">AI</a>) algorithms also emerged, and the forecast was not very hopeful.</p> 
<h2 style="text-align: justify" id="what-will-be-the-price-of-bitcoin">What Will Be the Price of Bitcoin?</h2> 
<p style="text-align: justify">Recently, price predictions made by artificial intelligences have been attracting more attention. According to the machine learning algorithms of CoinCodex, which has been frequently mentioned in this process, the price of <strong>Bitcoin</strong> could fall to $35,808 by February 1, 2024.</p> 
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-306892" src="https://coin-turk.com/wp-content/uploads/2024/01/coin-codex.jpg" alt="" width="779" height="259"></p> 
<p style="text-align: justify">The data shared by CoinCodex above was obtained by considering past price fluctuations and market movements to provide more realistic results from the machine learning algorithm.</p> 
<p style="text-align: justify">On the other hand, the algorithm, which also takes into account the cyclical nature of the halving and past BTC price movements, indicates that the leading cryptocurrency could experience a decline of 10% or more from its current price of $40,000.</p> 
<h2 style="text-align: justify" id="bitcoin-price-analysis">Bitcoin Price Analysis</h2> 
<p style="text-align: justify">As of writing, Bitcoin’s price is just above $40,000, and it has seen a 2.13% increase over the last 24 hours, partially offsetting the 5.90% decline over the previous seven days and the 8.31% drop on the monthly chart.</p> 
<p style="text-align: justify">Moreover, Bitcoin’s market capitalization has turned positive for the first time in days, rising by 2.19% to reach the $785 billion level again. However, the 24-hour trading volume for BTC does not paint a bright picture, having decreased by 22%, falling to $25.3 billion, drawing attention to the reduced investor interest.</p> 
<p style="text-align: justify">A general review, taking into account artificial intelligence and machine algorithms, suggests that the outlook for the leading cryptocurrency does not seem to reflect an upward trend. However, considering the potential parabolic rally expected after the halving scheduled for April 2024 and into 2025, the future for BTC could be more hopeful than anticipated.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-approves-bitcoin-etf-but-crypto-market-faces-turmoil/" data-wpel-link="internal">SEC Approves Bitcoin ETF, but Crypto Market Faces Turmoil</a></h5>

SEC Approves Bitcoin ETF, but Crypto Market Faces Turmoil

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