Bitcoin price doubles YTD, eyes $35,000 as cryptocurrency market prepares for BTC halving

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Bitcoin (BTC) price is already eyeing the $35,000 level after doubling its value year to date. With more gains in sight, it remains unclear what exact

Bitcoin price has doubled its value year to date, rising 110 percent from the December 31 close of $16,542. BTC holds above the market’s midrange, measured from the yearly low to the yearly high of $35,184. Bitcoin halving is slated for April 2024 and is expected to kick-start next bull cycle. ly is driving the market since spot BTC exchange-traded funds remains at bay. One possibility is that traders already have their eye on the next Bitcoin halving next April.

anchor Joe Kernen says prepare for the halving. The halving is coming. #Bitcoin pic.twitter.com/Eyq6hdTmUF — Bitcoin Magazine October 25, 2023 According to analysts like Michaël van de Poppe, now is the best time to invest in altcoins, with venture capitalists already itching to get the funding going. The #Altcoins are breaking out left and right. The bull market is here. It's crucial for altcoins to start moving in this period, as we're in the worst period of the cycle.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) Closes $36,000 Price Gap as CME Takes Over 25% of Market ShareCrypto market witnesses significant turning point as Bitcoin surges to $36,000, reflecting growing embrace by major traditional institutions
Source: Utoday_en - 🏆 295. / 63 Read more »